Monthly reviews

AUDUSD market technical outlook


Analysis method - “Trend Potential”

June 30, 2018

Monthly chart: Supposedly, downward phase of long-term flat of the major in the range of Bollinger bands (0.7241-0.8026) is coming to an end. We expect touch of the lower border of the channel 0.7241 and then upward bounce.

Expectations: Further decline towards 0.7241 handle and then upward bounce.

Trading recommendations:

  1. Shorts towards 0.7241.

  2. Search for buy signals in the 0.7241 area.