15.06.2020
The correction on global markets supported by anticipation of the second COVID-19 wave, as well as slower growth forecast for the US economy, exerts pressure on higher-yield currencies including Australian dollar. Such sentiments will result in the pair’s decline.
Technical side:
The price is under the middle Bollinger band, SМА 5, and SMA 14.RSI is under the level of 50% and is moving horizontally. Stoch goes to the range of oversoldness.
Trading recommendations:
Decline to 0.6715 is highly possible after exceeding 0.6800.
The AUDUSD rate online: monitor the movement of the pair in real time.
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