AUDUSD Daily Analysis – July 27, 2020

AUDUSD remains in the uptrend from 0.6776, the pullback from 0.7182 is likely consolidation for the uptrend. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.7300 area.

AUDUSD 4-hour chart