AUDUSD Daily Analysis – June 8, 2020

AUDUSD extended its upside movement from 0.6401 to as high as 0.7012. Further rise would likely be seen and next target would be at 0.7100 area. Support is at 0.6856, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.

AUDUSD 4-hour chart