Forecast for AUD/USD on June 13, 2019


The Australian dollar predictably and systematically declines to the first target of 0.6900 - support for the embedded line of the price channel of the higher TF. This morning, the Marlin oscillator signal line entered the zone of negative numbers, which increases the likelihood of the price going below the area of 0.6900 and a further decline. It is possible that a retest of the 0.6900 line from below will occur, now as the resistance line, but the 0.6790 target will become the main one.



Other indicators remain purely "bearish": on the daily chart, the price was stuck below the balance and MACD lines (red and blue, respectively), on the four-hour chart the price is also under both these lines, the Marlin oscillator strengthens its own downward trend.

The material has been provided by InstaForex Company -