Technical analysis of AUD/USD for June 12, 2018 888011000 110888 Overview: The price is still trading between the levels of 0.7566 and 0.7613. The bullish trend of the AUD/USD pair runs from the support levels of 0.7509 and 0.7566. Currently, the rate is in a bullish channel. This is confirmed by the RSI sign signaling that we are still in a bullish trending market. As the cost is still above the moving average (100 ), instant support is seen at 0.7566, which coincides with the golden ratio(38.2 %of Fibonacci). Subsequently, the very first assistance is set at the level of 0.7566. The market is likely to show signs of a bullish trend around the spot of 0.7566. To puts it simply, purchase orders are advised above the level of 0.7566 with the first target at the level of 0.7661. In addition, if the pattern is able to break out through the very first resistance level of 0.7661, we should see the set climbing up to the double top (0.7814)to evaluate it. It would also be a good idea to consider where to put a stop loss; this should be set listed below the 2nd assistance of 0.7460. The product has been supplied by InstaForex Company

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