AUD/USD Prediction – June 7
The long-kept of ranging levels of 0.7800 and 0.7700 are still relevant in describing the AUD/USD market’s trend. The currency pair’s value as of writing trades around 0.7759 at a percentage rate of 0.27.
AUD/USD Market
Key Levels:
Resistance levels: 0.7800, 0.7900, 0.8000
Support levels: 0.7700, 0.7600, 0.7500
AUD/USD – Daily Chart
The AUD/USD daily chart has it that the market worth of the currency pair is still very much held trading within range lines of 0.7800 and 0.7700 as all the SMAs are located around them as well. The 50-day SMA indicator is a bit underneath the lower range line as the 14-day SMA trend-line is located above them between the specified range-bound points. The upper range line drew to mark the current main resistance trading level of the market. The Stochastic Oscillators have moved up from the oversold region to point toward the northbound a bit past range 40. That signifies that an upswing is ongoing in the coin pairs trade.
Will the AUD/USD market stay more between the range lines?
It is most likely going to be that AUD/USD market will still be in range-bound trading zones furthermore. Most of the reliable buy entry points of the currency pair will be featuring from or around the lower range line. Therefore, traders going bullish needed to take note of that. Joining the move at the mid-way may not be good enough especially while price lacks an active notable move
The upper range-line, as it has been, will have to be an area of finding a sell order execution of the currency pair. A bearish candlestick is needed to form around the zone to be able to detect an appropriate time that that will potentially occur. In the meantime, the upper range-line value remains the best zone around traders considering going bearish needed to be on the lookout for before placing an entry.
The AUD/USD market technical analysis at a glance suggests that there are still more potential upsides than the downsides in the currency pair trading operations. 
AUD/USD 4-hour Chart
as regards the AUD/USD medium-term ranging price movements, three lines are majorly involved. But, our analysis will only focus on the mid-point that happens to be the level of 0.7750. On June 3, price drawdown below the lower range. But, shortly, the currency pair sprang upward back into the range-bound zones. Presently, the 50-day SMA indicator has been slightly traded past to the north as the 14-day SMA trend-line is closely located underneath it. The Stochastic Oscillators are with closed lines in the overbought region to signify a possibility of getting an end of further uprising in the market situation pairing the Australian Dollar with the United States Dollar.
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