AUDUSD Weekly Analysis – June 23, 2019

AUDUSD extended its downside movement from 0.7205 to as low as 0.6831. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue and next target would be at 0.6700 area. Key resistance is at 0.7021, only break above this level could signal completion of the downtrend.

AUDUSD daily chart