AUD/USD Daily Analysis - Tuesday, June 5

AUD/USD broke above 0.7605 resistance and extended its upside movement from 0.7412 to as high as 0.7666. Further rise is still possible and next target would be at 0.7700 area. Near-term support is at 0.7580, a breakdown below this level could take the price back towards the rising trend line on the 4-hour chart.

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.


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