AUDUSD Daily Analysis – July 12, 2019

AUDUSD’s upside movement from 0.6910 extended to as high as 0.6987. Further rally is still possible after a minor consolidation and next target would be at 0.7030 area. Near term support is at 0.6965, a breakdown below this level could bring the price back to 0.6940 area.

AUDUSD 4-hour chart