AUDUSD technical analysis 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.