Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
AUDUSD Price Analysis – June 11
Through the mid-European session, the AUDUSD pair retained its heavily supply tone and is seen trading near daily lows, around 0.6915-10 levels. The pairs pullback from high has been sustained towards the 0.6900 level breach, as sellers may now look to further advance the plunge.
Key levels
Resistance Levels: 0.7205, 0.7031, 0.6938
Support Levels: 0.6878, 0.6402, 0.5906
AUDUSD Long term Trend: Bullish
The Aussie was unable to take over the high level of 0.7031 but meanwhile, AUDUSD stays in a near-term phase of consolidation once again after reversing beneath the high level at 0.7031, as the market starts to loosen up its overbought RSI traction. Near-term AUDUSD resistance is 0.6938 level, then 0.7031, up from 0.7205 level.
In due course, an imminent split beyond may further strengthen the perception of a larger trend toward the upside. A fall beneath 0.6878 level may see the creation of a minor top and a drop back below the moving average of 13 at 0.6684 level, where we foresee a concerted attempt to continue.
AUDUSD Short term Trend: Bullish
In the meantime, technical indicators on the 4-hour chart have just begun to drift into the bearish territory and support the potential for further weakness. Additionally, whenever the decline confirms to be short-lived, with the pair probably striking the ground beneath 0.6878 level, the focus may shift to the resistance zone of 0.7031 once more.
To summarise, in the short term, AUDUSD is expected to remain under pressure, with the level of 0.6878 likely trying to add some footing. A rebound beyond the level of 0.7031 may put the pair back on the good trajectory in both short and medium-term timeframes.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
