AUDUSD Daily Analysis – June 27, 2019

AUDUSD’s upside movement from 0.6831 extended to as high as 0.6999. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.7050 area. Key support is at 0.6941, only a breakdown below this level could bring the price back towards 0.6900.

AUDUSD 4-hour chart