AUDUSD Daily Analysis – July 24, 2019

AUDUSD’s downside movement from 0.7081 extended to as low as 0.6985. Further decline could be expected after a minor consolidation and next target would be at 0.6950 area. Resistance is at 0.7020, only break above this level could signal completion of the downtrend.

AUDUSD 4-hour chart