AUDUSD Weekly Analysis – June 16, 2019

AUDUSD broke below 0.6864 support and extended its downside movement from 0.7205 to as low as 0.6861. Further decline could be expected in a couple of weeks and next target would be at 0.7650 area. Key resistance is at 0.7021, only break above this level could signal completion of the downtrend.

AUDUSD daily chart