AUDUSD Daily Analysis – June 25, 2018

AUDUSD broke above the top trend line of the price channel on the 4-hour chart, indicating that the downside movement from 0.7676 had completed at 0.7345 already. Further rise could be expected and next target would be at 0.7520 area. Support is at 0.7390, only a breakdown below this level could trigger another fall towards 0.7300.

AUDUSD 4-hour chart