AUD/USD: decline may pause. Technical Analysis as of 02.06.2016

Forex analytics: Overview and dynamics The Australian currency remains under pressure from several fundamental factors. After the interest rate cut in Australia in early May, the pair broke the important support levels 0.7445 (23.6% Fibonacci level), 0.7400 (EMA200 on the daily chart) and lost more than 400 points. The downward dynamics of AUD/USD in this case remains.However, near the level 0.7200 (the lower ...