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AUD/USD Forecast (July 13-17)

Daily chart analysis
According to the daily chart, AUD/USD is still in downtrend. The MACD is into negative teritory and the market price is under EMA 14. The support is at 0.7360 and then the next support is at 0.7285. This last price can indicate oversold level.

AUDUSDdaily page 001 1

H8 chart analysis
At this moment price is stuck in a tight range, according to the H8 chart. The RSI 40 indicates downtrend correlated with the daily chart.AUDUSD8hour page 001



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