Forecast for AUD/USD on June 17, 2020

AUD/USD

Under the general strengthening of the American dollar, the Australian dollar fell by 29 points on Tuesday, breaking the target level of 0.6900. The Marlin oscillator on the daily timeframe is currently crossing the boundary of the territory of the bears.

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The price turned down from the MACD line and consolidated under the balance line (indicator red) on the four-hour chart. Here the Marlin, as well as on a higher scale, is introduced into the decreasing trend zone. The target of the movement is 0.6680.

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