FX.co ★ Outlook for AUD/USD, June 9, 2020

On the 4 hour chart, AUD/USD had a divergence between the price with the CCI (30). It indicates that the pair may decline before it rises and test the 0.7034 level as the first target and the 0.7083 as the secondary target. As long as the AUD/USD pair does not drop and close bellow the 0.6950 level, it is unlikely to decline.

The overall bias for the AUD/USD pair is bullish.

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