AUDUSD Daily Analysis – June 4, 2018

AUDUSD failed to breakout of 0.7605 resistance and stayed in the trading range between 0.7476 and 0.7605. Another rise to test 0.7605 resistance is possible and a breakout of this level could take the price to 0.7650 area. Key support is at 0.7476, only a breakdown below this level could signal completion of the uptrend from 0.7412.

AUDUSD 4-hour chart