AUDUSD Weekly Analysis – June 24, 2018

AUDUSD extended its downside movement from 0.8135 to as low as 0.7345, breaking below 0.7412 support. Further decline could be expected and next target would be at 0.7000 area. Resistance is at the falling trend line on the daily chart, only a clear break above the trend line resistance could signal completion of the downtrend.

AUDUSD daily chart