AUDUSD Daily Analysis – June 8, 2018

AUDUSD is facing 0.7594 support, a breakdown below this level would suggest that the short term uptrend from 0.7476 had completed at 0.7676 already, then the pair would find support at the rising trend line on the 4-hour chart. On the upside, as long as 0.7594 support holds, the fall from 0.7676 could be treated as consolidation for the uptrend and another rise towards 0.7750 area is still possible.

AUDUSD 4-hour chart