AUDUSD Daily Analysis – June 14, 2017

AUDUSD failed to break above 0.7566 resistance and continued its sideways movement on the 4-hour chart. Near term support is at 0.7500, as long as this level holds, the sideways move could be treated as consolidation of the uptrend from 0.7371 and further rise towards 0.7650 could be expected after the consolidation. Key support is at 0.7450, only a breakdown below this level could signal completion of the uptrend.

AUDUSD 4-hour chart