AUDUSD Daily Analysis – June 5, 2018

AUDUSD broke above 0.7605 resistance and extended its upside movement from 0.7412 to as high as 0.7666. Further rise is still possible and next target would be at 0.7700 area. Near term support is at 0.7580, a breakdown below this level could take the price back towards the rising trend line on the 4-hour chart.

AUDUSD 4-hour chart