AUD/USD Technical June 17

AUD/USD is trading in a range of 0.9525-0.9696 level. Bollinger bands are showing sell signals for the pair. Price action on 0.9696 level should be carefully watch. If price reached to this level and get a pull back then it will indicate bearish strength and Aussies will then start moving towards 0.9580-60-25 level respectively.

On the other hand, If AUD/USD manage to break through 0.9696 level and H4 or D1 level closure above this level then AUD/USD will further move upward and target 0.9840 level.

High impact News can change the scenario. News like Monetary Policy Meeting Minutes.

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