AUDUSD Daily Analysis – Thursday, June 4

AUDUSD’s upside movement from 0.6401 to as high as 0.6983.

Further rise would likely be seen and next target would be at 0.7100 area. Near term support is at 0.6850, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.

AUDUSD 4-hour chart

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