AUDUSD Daily Analysis – July 23, 2020

AUDUSD extended its upside movement from 0.6832 to as high as 0.7182. Further rise is still possible after a minor consolidation and next target would be at 0.7250 area. Near term support is at 0.7090, a breakdown below this level could bring the price back towards the trend line on the 4-hour chart.

AUDUSD 4-hour chart