Australian Dollar Analysis 24-06-2020

 
 
The Australian dollar pair against the US dollar conducted a retest of the broken support of the main bullish channel and maintains its stability below it until now, accompanied by the emergence of continuous negative signs through the stochastic, waiting for the price to stimulate the resumption of the expected bearish direction for the coming period, which mainly targets the 0.6700 level.
 
Henceforth, a negative scenario will prevail for today unless the 0.6990 level is breached and stability above it is established.
 
The expected trading range for today is between 0.6860 support and 0.7000 resistance
 
Expected trend for today: bearish