AUDUSD Daily Analysis – June 5, 2019

AUDUSD’s upside movement from 0.6898 extended to as high as 0.7003. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.7050 area. Key support is at 0.6955, only a break down below this level could bring the price back to 0.6900 area.

AUDUSD 4-hour chart