Jun
12

AUD/USD D1 Technical June 12

AUD/USD got bullish in late session yesterday and target around 150 pips. Bollinger bands are not providing clear signals due to oversold of pair. AUD/USD is expected to move further upward and target 0.9525 level.

Price action on 0.9380 level should be carefully watch. If AUD/USD manage to hold this level today and H4 candle closure above this level then it will indicate bullish strength and pair will then target 0.9525 level. Daily closure above 0.9525 level will take AUD further upward.

On the other hand. If pair fails to hold 0.9380 level and H4 candle closure below this level then pair will fall rapidly towards southward and target 0.9330-300 level respectively.

High impact News can change the scenario. News like Employment Change, Unemployment Rate.

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