AUD/USD Weekly Analysis – Wednesday, July 11

AUD/USD broke below 0.7420 support, suggesting that the upside movement from 0.7310 had completed at 0.7483 already. Further decline would likely be seen in a couple of days and next target would be at 0.7300 area. Resistance is now at 0.7483, only a breakout of this level could trigger another rise towards 0.7550 area.

AUDUSD 4-hour chart

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