AUDUSD Weekly Analysis – June 28, 2020

AUDUSD stays above a rising trend line on the daily chart and remains in the uptrend from 0.5507. As long as the trend line support holds, the pullback from 0.7063 could be treated as consolidation for the uptrend and further rise to 0.7400 area is possible after the consolidation. Key support is at 0.6775, a breakdown below this level could bring the price back to 0.6300 area.

AUDUSD daily chart