AUD/USD Weekly Analysis – Thursday, July 12

AUD/USD extended its downside movement from 0.7483 to as low as 0.7360. Further decline could be expected in the coming days and next target would be at 1.7300 area. Resistance is at 0.7420, only a breakout of this level could trigger another rise towards 0.7550 area.

AUDUSD 4-hour chart

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