AUDUSD Daily Analysis – June 29, 2018

AUDUSD’s downside movement from 0.7676 extended to as low as 0.7322. Further decline could be expected after a minor consolidation and next target would be at 0.7200 area. Resistance is now at 0.7375, a breakout of this level could bring the price back into 0.7500 zone.

AUDUSD 4-hour chart