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Daily Chart Analysis

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Fed resolution issued this week
2020/6/9
Australian dollar exchange rate affected due to China’s travel warning to Australia, Fed relaxes conditions for Main Street loan program
2020/6/10

Daily Chart Analysis

2020/6/10
1. Short-term resistance line has formed.
Resistance / Support Remarks
Resistance 3 17４0 Previous high
Resistance 2 1730 Major resistance + Downward trendline (1)
Resistance 1 1720-21 Major resistance + 20 Days MA
Market Price 1716 @ 10:43
Support 1 1700-04 50 Days MA + 1700 Major support
Support 2 1690 -
Support 3 1690 Previous low
*Risk Warning: Trading on bullion with margin carries a high degree of risk.

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