Trading recommendations:
- According to the previous events, the AUD/USD pair is expected to move between the levels of 0.7815 and 0.7667.
- The resistance is found at the level of 0.7813 which represents a ratio of 38.2% Fibonacci retracement levels.
- Consequently, the market will indicate a bearish opportunity below 0.7813, because the level of 0.7815 is going to act as strong resistance.
- Therefore, it will be a good sign to sell below this level today with the first target at 0.7730 in order to test the daily pivot point in the H4 chart.
- If the trend succeeds to close below 0.7730, the market will continue its downtrend below the weekly pivot point towards the level of 0.7660 on June 19, 2015.
- On the other hand, the stop loss should be placed above 0.7820 at 0.7852.
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of AUD/USD for June 19, 2015 . Thanks for your support.
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