AUDUSD Daily Analysis – June 15, 2018

AUDUSD broke below the bullish support trend line on the 4-hour chart, suggesting that the upside movement from 0.7412 had completed at 0.7676 already. Deeper decline to test 0.7412 support would likely be seen and a breakdown below this level could take to price to 0.7300 area. Resistance is at 0.7535, as long as this level holds, the downtrend will continue.

AUDUSD 4-hour chart