Forecast for AUD/USD on June 15, 2020

AUD/USD

The Australian dollar traded in the range of 113 points on Friday, ending the day by gaining 10 points; the level of 0.6900 served as resistance to volatility, under which the price showed actual consolidation. The Marlin oscillator has moved to the lower half of its field, thereby indicating a transition to a declining trend. The aussie's nearest target is the level of 0.6680, then 0.6570, the third goal is 0.6470.

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The price and the Marlin oscillator continue to decline on the four-hour chart. We are waiting for the development of the first target level of 0.6680.

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