The increase in impulse suggests greater bullish pressure; The main resistance at 0.6555 is probably out of reach. In the long term, the trend remains upwards, but it remains to be seen if the AU can break clearly above 0.6555, the FX analysts of UOB Group point out, to be Leang and Peter Chia.
The trend is kept up
24 -hour vision: “The following are extracts from our update yesterday: ‘There has been a slight increase in impulse. Today, there is potential for the AU 0.6485 would indicate that the current slight bullish pressure has decreased. ‘ Our analysis was not wrong, since after falling briefly at 0.6490, the audience rose to 0.6533.
Vision at 1-3 weeks: “We have expected a positive trend in the audience since the beginning of last week. In our last narrative last Friday (June 6, quotation in 0.6510), we indicate that ‘the trend is kept up, but it remains to be seen if the audience can clearly break over 0.6555. While there has been a slight increase in the short -term bundle impulse, currently it is not yet clear if the AU can break clearly above 0.6555.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
