Forecast for AUD/USD on June 12, 2020

AUD/USD

The Australian dollar recently grew ahead of related currencies, but now it is no less active. It lost 144 points yesterday. The goals were set before the price: 0.6680, 0.6570, 0.6470. The signal line of the Marlin oscillator entered the zone of negative values, which fuels the downward trend.

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Over the past day, it has already moved far enough from the balance and MACD indicator lines on the four-hour chart, while the Marlin is deep in the negative zone. We expect the aussie to fall further.

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The material has been provided by InstaForex Company - www.instaforex.com