AUDUSD Weekly Analysis – June 30, 2019

AUDUSD broke above the falling trend line on the daily chart, suggesting that the downside movement from 0.7205 had completed at 0.6831 already. Further rally could be expected after a minor consolidation and next target would be at 0.7150 area. Near term support is at 0.6915, only a breakdown below this level could trigger another fall towards 0.6765 support.

AUDUSD daily chart