AUDUSD Daily Analysis – June 26, 2018

AUDUSD is now in short term uptrend from 0.7345, the pullback from 0.7443 is likely consolidation for the uptrend. Further rally is still possible after the consolidation 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