The AUDUSD market status is overbought. The market is sliding back into bear trending and positioned to attack the previous Friday’s reversal low. A close under 0.7089 projects a larger selling wave to 0.7060, when broken 0.6977. Any corrections trapped inside last Tuesday’s narrow congestion day will maintain bear forces.
Last Updated Date: 1 June 2022 @ 9:19 AM (UTC)
*Please note that all the dates are in GMT time zone
