AUDUSD Daily Analysis – June 2, 2020

AUDUSD extended its upside movement from 0.6401 to as high as 0.6812. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.6900 area. Near term support is at 0.6730, a breakdown below this level could bring the price back towards the trend line.

AUDUSD 4-hour chart