AUDUSD Weekly Analysis – June 17, 2018

AUDUSD failed to break above the falling trend line on the daily chart, indicating that the pair remains in the downtrend from 0.8135. A breakdown below 0.7412 support would indicate that the downside movement has resumed, then further decline towards 0.7000 could be seen. Key resistance is at 0.7676, only a break of this level could signal completion of the downtrend.

AUDUSD daily chart