AUDUSD Daily Analysis – July 14, 2020

AUDUSD continued its sideways movement in a trading range between 0.6921 and 0.7000. The price action in the range is likely consolidation for the uptrend from 0.6832, and further rise to 0.7050 area is possible after the consolidation. On the other side, a breakdown below 0.6921 support would indicate that the upside movement had completed at 0.7000 already, then the pair would find support at around 0.6800.

AUDUSD 4-hour chart