AUDUSD Daily Analysis – July 16, 2019

AUDUSD is facing 0.7047 resistance, a breakout of this level could signal resumption of the uptrend from 0.7910, then next target would be at 0.7100 area. Near term support is at 0.7020, below this level could bring the price back to 0.6970 zone.

AUDUSD 4-hour chart