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18.06.202008:37 Forex Analysis & Reviews: AUD/USD to break 0.6835, June 18, 2020.

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Exchange Rates 18.06.2020 analysis

If we look at the 4-hour chart, we can see that the AUD/USD pair is now moving in a downslope pitchfork channel. It is trying to reach the middle line from the pitchfork channel. The pair may overcome the liquidity pool at the 0.6835 level. If so, the AUD/USD pair will continue to decline. It may reach the 0.6778 level if it does not rise and close above the 0.6924 level.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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