Australian Dollar Analysis 17-06-2020

 
The Australian dollar pair against the US dollar traded negatively yesterday to test the support of the main bullish channel that appears in the picture, and is making new attempts to break it now, noting that the stochastic indicator is nearing the oversold areas in the sale, waiting for the price stimulus to resume the expected bullish direction for the next period, which exists His next target is at 0.7000.
 
Therefore, we will maintain our bullish expectations unless the price closes the daily candle below 0.6860, which will lead the price to start a bearish correction for the upside wave that started from 0.5510 and stopped at 0.7064.
 
The expected trading range for today is between 0.6800 support and 0.6950 resistance
 
Expected trend for today: bullish