AUD/USD Outlook (26th June 2019)

Dólar australiano/Dólar estadounidense (FX:AUDUSD)

FX:AUDUSD Dólar australiano/Dólar estadounidense

trendanalysis forex macro technical trend audusd

Progress in Trade War
AUD/USD moving towards key level

Price Movement
Since yesterday, AUD/USD moved up by around 20 pips.

Trend
Recently, AUD/USD has been trending upwards.

Important Issue
Yesterday, during an interview with CNBC, US Treasury Secretary Steven Mnuchin expressed optimism in the US-China Trade War, saying that that he is hopeful that they can move forward with a plan and that they are “90% of the way there”, hinting that a deal may be coming up soon.

Technical
AUD/USD is moving towards the 0.70 key level.

Price Levels
Current Price: 0.69905
Next Resistance: 0.70250
Next Support: 0.68500

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