AUDUSD Daily Analysis – July 19, 2019

AUDUSD broke above 0.7047 resistance and extended its upside movement from 0.6910 to as high as 0.7081. Further rise could be expected after a minor consolidation and next target would be at 0.7150 area. Support is located at the rising trend line on the 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

AUDUSD 4-hour chart