AUDUSD Daily Analysis – June 1, 2017

AUDUSD is facing 0.7416 support, a breakdown below this level could signal resumption of the downtrend from 0.7517, then deeper decline to 0.7350 area could be seen. Resistance is at 0.7475, above this level could take price to next resistance level at 0.7517.

AUDUSD 4-hour chart