AUDUSD Daily Analysis – July 30, 2020

AUDUSD broke above 0.7182 resistance, suggesting that the uptrend from 0.6832 has resumed. Further rise could be expected in the coming days and next target would be at 0.7300 area. Near term support is at 0.7100, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.

AUDUSD 4-hour chart