AUDUSD Daily Analysis – July 29, 2019

AUDUSD’s downside movement from 0.7081 to as low as 0.6902. Further decline could be expected after a minor consolidation and next target would be at 0.6850 area. Resistance is at 0.6930, a break of this level could bring the price back to 0.6970 area.

AUDUSD 4-hour chart