InstaForex - Analytics

    InstaForex

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    Global macro overview for 07/06/2016 2016-06-07

    Global macro overview for 07/06/2016:

    Let's now take a look at the AUD/USD technical picture in the daily time frame. Since the recent low at the level of 0.7132 bulls took the control over the market and managed to move the price higher up to the level of 0.7412, just shy of the 200D MA at the level of 0.7480. The bullish rally is fueled by good economic news, but only a sustained breakout above the level of 0.7546 would change the medium-term outlook in their favour.

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