Australian Dollar remains trading within a flat channel, between support area at 0.8080/90, right above 0.8065, 11-month low, and 0.8215 on the upside, which remains capping Aussie's upside moves.
During the next two days, the pair is likely to remain moving roughly between 0.8100 and 0.8200, says the Kshitij Consultancy Services Team: "The pair has moved up after touching a low of 0.8082 in the Asian session today. We may now expect some rise on the pair towards 0.8250-75 in the US session today, followed by some dip towards 0.8100 in the coming sessions over today and tomorrow."
On the longer term, the Kshitij Consultancy Services Team, expects the downtrend to continue over the coming weeks towards 0.7700 area: "In the coming weeks, the pair may touch 0.7700, in case of a strong break below 0.8100."
AUD/USD (Jun 08 at 14:14 GMT)
H 0.8217 L 0.8084
| S3 | S2 | S1 | R1 | R2 | R3 |
| 0.8135 | 0.8155 | 0.8176 | 0.8190 | 0.8211 | 0.8231 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bullish | Neutral |
| Data updated on Jun 08 at 13:38 (15-minute timeframe) |
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