AUDUSD Daily Analysis – July 17, 2019

AUDUSD failed to break above 0.7047 resistance and pulled back from 0.7044. Range trading between 0.6975 and 0.7047 would likely be seen over the next several days. As long as 0.6975 support holds, the upside movement from 0.6910 could be expected to resume, a break of 0.7047 resistance could take the price to 0.7100 area. Only a breakdown below 0.6975 support could signal completion of the uptrend.

AUDUSD 4-hour chart