Forecast for AUD/USD on June 12, 2020


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.


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.


The material has been provided by InstaForex Company -