AUD/USD Outlook (19th June 2019)

FX:AUDUSD   Australian Dollar / U.S. Dollar
  • Rekindling a trade relationship
  • AUD/USD moving towards key level

Price Movement
Since yesterday, AUD/USD moved down by around 15pips before moving back up by around 45pips.

AUD/USD is trending downwards.

Important Issue
Yesterday, U.S. President Donald Trump tweeted that he “had a very good telephone conversation with President Xi of China” and “will be having an extended meeting next week at the G-20 in Japan”.

AUD/USD is moving towards the 0.69 key level.

Price Levels
Current Price: 0.68779
Next Resistance: 0.69100
Next Support: 0.68000
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