AUDUSD Daily Analysis – June 3, 2019

AUDUSD broke above 0.6934 resistance, suggesting that the downside movement from 0.7205 had completed at 0.6864 already. Further rally could be expected and next target would be at 0.7000 area. Near term support is at 0.6898, only a breakdown below this level could trigger another fall towards 0.6800.

AUDUSD 4-hour chart