Jun
25

AUD/USD D1 Technical June 25

Bollinger bands are not showing clear signals yet due to oversold of AUD/USD. The outlook remain bearish as pair is under pressure. There can be retracement towards 0.9318 level.

Price action on 0.9318 level should be carefully watch. If Aussies manage to reached that level and H4 candle closure below 0.9318 then it will indicate bearish strength and pair will then again start moving towards south and target will be 0.9180 -120  level respectively.

This scenario will be vanished. If pair fails to hold its support level 0.9180 and H4 candle closure below support level then pair will rapidly fall towards 0.9120-100 level respectively.

High impact News can change the scenario. News like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales.

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