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AUD/USD Forex Technical Analysis – June 19, 2018 Forecast
Now that the AUD/USD has already made a lower-low to extend the downtrend, the direction of the Forex pair the rest of the session will be determined by trader reaction to Monday’s close at .7422. Assume the downtrend will continue, given the bearish fundamentals, but be prepared for a closing price reversal bottom especially if the U.S. and China reach a trade agreement. The AUD/USD is under pressure early Tuesday, shortly before the release of the minutes from the June Reserve Bank of Australia monetary policy meeting at 0130 GMT. The minutes aren’t expected to reveal anything new. According to the latest ... (full story)