AUDUSD Daily Analysis – June 27, 2018

AUDUSD is facing 0.7345 support, a breakdown below this level could signal resumption of the downtrend from 0.7676, then next target would be at 0.7200 area. On the upside, as long as 0.7345 support holds, the bounces from 0.7345 could be treated as consolidation for the downtrend and one more rise to 0.7500 area is still possible.

AUDUSD 4-hour chart