AUDUSD Daily Analysis – June 28, 2017

AUDUSD continued its sideways movement in a trading range between 0.7519 and 0.7635. As long as the pair is above 0.7519 key support, the sideways move could be treated as consolidation of the uptrend 0.7371, and another rise to 0.7700 area is still possible after the consolidation. On the downside, 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