AUDUSD Daily Analysis – July 24, 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 0.7250 area. Near term support is at 0.7085, a breakdown below this level could bring the price back towards the trend line.

AUDUSD 4-hour chart