AUDUSD Daily Analysis – July 22, 2020

AUDUSD broke above 0.7063 resistance and extended its upside movement from 0.6832 to as high as 0.7146. Further rise could be expected after a minor consolidation and next target would be at 0.7250 area. Near term support is at 0.7080, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.

AUDUSD 4-hour chart