Scandex Market Update – June 18

Thursday, 18/06/2020 | 07:21 GMT

Disclaimer

Today was extremely quiet and as a result I don’t have much to update. Australian employment is tonight however so it’s worth another look at AUDUSD. If the flat interpretation is correct, then a lower high is in place at .6977 (and price shouldn’t move much above .6900). The ‘cleanest’ downside level is .6685-.6700. This has been a major level since July (almost a year), 2 equal legs down, and the 200 period midpoint on the 4 hour chart (magenta line).

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Source: https://scandex.com/2020/06/18/market-update-june-18/

Disclaimer

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