AUDUSD Daily Analysis – Monday, June 11

AUDUSD broke below 0.7594 support, suggesting that the upside movement from 0.7476 had completed at 0.7676 already.

Further decline could be expected in the coming days and next target would be at the rising trend line on the 4-hour chart. Resistance levels are at 1.7630 and 0.7676, only break above these levels could trigger another rise towards 0.7750.

AUDUSD 4-hour chart

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.