AUDUSD Forex Weekly - 27 - 31 July 2020

AUD/USD fills in the bearish opening gap, extending the bounce back towards 0.7150. The aussie is underpinned by the relentless US dollar sell-off across the board amid a mixed market mood, upbeat Chinese Industrial Profits data and RBA Kent's speech.

Price made reversal around median line and reverse back towards upper line 'hagopian rules' targeting movement is heading key level resistance on upper line