AUDUSD Daily Analysis – June 12, 2020

AUDUSD is facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the fall from 0.7063 would possibly be consolidation for the uptrend from 0.6401, another rise towards 0.7100 could be expected after the consolidation. On the downside, a breakdown below the trend line support would indicate that the uptrend had completed at 0.7063 already, then the following downside movement could take the price to 0.6500 zone.

AUDUSD 4-hour chart