AUDUSD Daily Analysis – July 22, 2019

AUDUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 0.6910. As long as the channel support holds, the pullback from 0.7081 could be treated as consolidation for the uptrend, further rise to 0.7150 area is still possible after the consolidation. Only a clear break below the channel support could signal completion of the uptrend.

AUDUSD 4-hour chart