AUDUSD Daily Analysis – June 19, 2018

AUDUSD broke below 0.7412 support. Resistance is at 0.7480, as long as this level holds, the downtrend from 0.7676 could be expected to continue and further decline towards 0.7300 is possible. Only a breakout of 0.7480 resistance could signal completion of the downtrend.

AUDUSD 4-hour chart