AUDUSD Trading Forecast for June 15, 2016

As we've stated in our previous analysis, we expected AUDUSD to continue rising towards its 61.8% retracement level. But price declined to as low as 0.7330.

We still anticipate aussie to rally to 0.7570 before trending down. A break from its bearish channel (red) would give us a clue.

Happy trading everyone!

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