AUD/USD Daily Analysis – Wednesday, August 1

AUD/USD continued its sideways movement in a trading range between 0.7310 and 0.7483. Another fall towards 0.7330 is possible in the coming days. Resistance is at the falling trend line on the 4-hour chart, a clear break above the trend line resistance could trigger another rise towards 0.7550.

AUDUSD 4-hour chart

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