AUDUSD Daily Analysis – June 17, 2019

AUDUSD extended its downside movement from 0.7021 to as low as 0.6861, breaking below 0.6864 support. Further decline is still possible after a minor consolidation and next target would be at 0.6800 area. Near term resistance is at the top of the price channel on the 4-hour chart, a breakout of the channel resistance could bring the price back to 0.6930 area.

AUDUSD 4-hour chart