AUDUSD Daily Analysis – June 27, 2017

AUDUSD failed to break below 0.7519 support and stays in the trading range between 0.7519 and 0.7635. As long as the pair is above 0.7519 support, the price action in the trading range could be treated as consolidation of the uptrend from 0.7371, and further rise to 0.7700 area is still possible. Only a breakdown below 0.7519 support will indicate that the uptrend had completed at 0.7635 already, then deeper decline to 0.7450 area could be seen.

AUDUSD 4-hour chart