AUDUSD Daily Analysis – June 26, 2019

AUDUSD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 0.6831. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 0.7000 area. Key support is at 0.6941, a breakdown below this level would indicate that the upside movement had completed at 0.6977 already, then the pair would find next support level at around 0.6900.

AUDUSD 4-hour chart