AUD/USD Daily Analysis - Thursday, July 5

AUD/USD extended its upside movement from 0.7310 to as high as 0.7424, breaking above the falling trend line on the 4-hour chart. Further rise to test 0.7443 resistance would likely be seen in the coming days, and a breakout of this level could trigger further upside movement towards 0.7600. Support is at 0.7355, only a breakdown below this level could bring the price back towards 0.7310 support.

AUDUSD 4-hour chart

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.