AUDUSD Daily Analysis – July 13, 2020

AUDUSD moved sideways in a trading range between 0.6921 and 0.7000. As long as 0.6921 support holds, the sideways movement could be treated as consolidation for the uptrend from 0.6832 and further rise to 0.7500 area is possible after the consolidation. On the downside, a breakdown below 0.6921 support would indicate that the upside movement had completed at 0.7000 already, then another fall towards 0.6750 could be seen.

AUDUSD 4-hour chart