AUD/USD Forecast June 21, 2016, Technical Analysis

The AUD/USD pair tried to rally during the course of the day on Monday, but gave back about half of the gains in order to form a bit of an exhausted looking candle. That being the case, it’s not until we break out above that Jaime during the Monday session that I’m comfortable buying this pair. On the other hand, we very well could find yourselves still been attracted to the 0.74 level which of course has been a bit of a magnet for price recently as we have been consolidating lately.

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