AUD/USD Daily Analysis – Monday, July 2


AUD/USD moved sideways in a trading range between 0.7322 and 0.7443. As long as 0.7443 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 0.7676 and a breakdown below 0.7322 support could take the price to 0.7200 area. Only a breakout of 0.7443 resistance could signal completion of the downtrend.

AUDUSD 4-hour chart

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