AUDUSD Daily Analysis – June 11, 2019

AUDUSD broke below 0.6962 key support, suggesting that the upside movement from 0.6864 had completed at 0.7021 already. Further decline could be expected in the coming days and next target would be at 0.6900 area. Near term resistance is at 0.6990, only break above this level could trigger another rise towards 0.7050.

AUDUSD 4-hour chart