AUDUSD Daily Analysis – June 13, 2019

AUDUSD extended its downside movement from 0.7021 to as low as 0.6913. Further decline is still possible after a minor consolidation and next target would be at 0.6860 area. Near term resistance is at 0.6950, only break above this level could signal completion of the downtrend.

AUDUSD 4-hour chart