AUDUSD Daily Analysis – June 6, 2019

AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.6898 had completed at 0.7007 already. Further decline could be expected in a couple of days and next target would be at 0.6900 area. Near term resistance is at 0.6985, only break above this level could trigger another rise towards 0.7050.

AUDUSD 4-hour chart