AUDUSD extended its downside movement from 0.7081 to as low as 0.6940. Further decline is till possible after a minor consolidation and next target would be at 0.6900 area. Resistance is at 0.6970, a break of this level could bring the price back to 0.7000 area.
![AUDUSD 4-hour chart](https://www.forexcycle.com/wp-content/uploads/2019/20190726_AUDUSD_1.png)