AUDUSD Daily Analysis – June 28, 2019

AUDUSD extended its upside movement from 0.6831 to as high as 0.7009. 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. On the downside, a breakdown below the channel support could bring the price back towards 0.6940.

AUDUSD 4-hour chart