AUDUSD Daily Analysis – July 20, 2020

AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.6832. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 0.7100 area. Key support is at 0.6921, a breakdown below this level could trigger another fall towards 0.6800.

AUDUSD 4-hour chart