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Daily Market Analysis 04|06|2020: AUDUSD

Intraday: Bearish

Technical Analysis

Preference: 
Sell position is envisaged  if price trades below 0.68850 with take profit at 0.68647
Alternative scenario: 
Buy position is envisaged if price trades above 0.69235 with take profit at 0.69664.
Fundamentals:
No major economic data with direct bearing to this pair

Comment: Technically, this pair got rejected at a psychological resistance zone twice and shows a reversal sign for a bearish move 

Analysis: SCRUM Team

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