Aussie pierces upside trend line - Analysis - 07-06-2019

Economies.com
2019-06-07 06:19AM UTC

AUD/USD fell and breached the upward short-term trend line, exposing itself to the pressure of the 50-period SMA and carrying on the short-term downward wave, with negative signals from the RSI despite reaching oversold levels. 

 

Therefore we expect more losses for the pair, targeting the first support at 0.6962, then potentially 0.6937. 

 

Expected trend for today: Bearish   

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