Australian dollar forms a reversal

The AUD/USD pair found a resistance at the level of: 0.6880-0.6900 after a weekly growth. In addition to significant resistance, a significant overbought and a slowdown in the uptrend is a limiting factor for the growth of this pair.

Deals for sale should be considered below the zone: 0.6860-30.

This will indicate a correction after growth and open the way to support levels: 0.6780 and 0.6750.

Read also: “What is expected from the June Federal Reserve meeting”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. The British pound is growing on Johnson’s failures
2. Boris Johnson leads the UK to a tough Brexit
3. Currency is a weapon in a trade war!

Current Investment ideas:

1. Selling Alcoa shares makes a profit! Three reasons to connect now!
2. Technology giant Microsoft is getting ready to storm new highs! Let’s make money on it!
3. Buy Citigroup Inc. shares now and make a profit in early October!