FX.co ★ AUD/USD analysis for June 15, 2018

Recently, the AUD/USD has been trading downwards. The price tested the level of 0.7459. According to the H1 time – frame, I found broken upward trendline in the background which is a sign that sellers are in control. I also found a potential end of the intraday bullish corrective phase which is a sign that AUD/USD may continue lower. My advice is to watch for potential selling opportunities. The downward target is set at the price of 0.740.

Resistance levels:

R1: 0.7539

R2: 0.7610

R3: 0.7650

Support levels:

S1: 0.7430

S2: 0.7393

S3: 0.7320

Trading recommendations for today: watch for potential selling opportunities.