AUDUSD Weekly Analysis – June 3, 2017

AUDUSD is now in uptrend from 0.7328, the fall from 0.7517 could be treated as correction of the uptrend. Near term resistance is at 0.7517, a break of this level could bring price to the next resistance level of 0.7749. Support is at 0.7328, only break below this level will indicate that the pair remains in downtrend from 0.7749, then the pair will find support around 0.7245.

AUDUSD Daily Chart