AUDUSD Daily Analysis – June 18, 2019

AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7021. As long as the channel resistance holds, the downside movement could be expected to continue and next target would be at 0.6800 area. Only break above the channel resistance could bring the price back to 0.6900 area.

AUDUSD 4-hour chart