FX.co ★ AUD/USD Technical Analysis for 28.06.2-13

Daily bars, overall picture:

The daily chart shows that the pair has resumed its downtrend from the lower line of the envelope model 0.93.

MACD histogram is rising, stochastic is up, signifying the bullish trend.

The main tendency is downtrend.

However, there are no significant changes in the volumes.

System analysis:

We expect the continuation of an uptrend to 0.935, sell deals are recommended from this level.

The average line is at 0.944 level from which sell deals are also recommended.