AUDUSD Daily Analysis – June 11, 2020

AUDUSD extended its upside movement from 0.6401 to as high as 0.7063. Further rise could be expected after consolidation and next target would be at 0.7200 area. Near term support is at 0.6898, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.

AUDUSD 4-hour chart