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Daily Market Analysis 10|06|2020: AUDUSD

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Intraday: Bullish

Technical Analysis

Preference: 
A Buy is in order if prices trade above 0.70090 with take profit at 0.70364.
Alternative scenario: 
Sell is in order if price trades below 0.69713 with take profit at 0.69427.
Fundamentals:
1:30pm   USD    CPI m/m
                 USD    Core CPI m/m
7:00pm   USD Federal Funds Rate

Comment: The US dollar is on a declining trend across the board so far this Wednesday, enabling AUDUSD to extend the Asian bounce briefly above the 0.7000 mark. AUDUSD is expected to trade higher if it breaks the resistance on the 30 mins time frame.

Analysis: SCRUM Team

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