Possible Ausie D for the upside

22 Jun 2020

I think that the AUD-USD will be bullish and retest two key areas the first I highlighted as a red zone where it is currently ranging, although at the time of analysis there may be slightly lower volume, this further strengthens the likelihood of a strong bullish push towards the second key area highlighted in green. The break out of this area will provide the support to retest the 0.70 000 key area followed by the 0.72000 price mark, close to this year's highest high. Setting up the Ausie D to perform well as Covid-19 management, good Chinese relations (soybeans lol) and commodity exports begin to improve.