Forecast for AUD/USD on July 9, 2020


The Australian dollar attacked the signal level of 0.6979 on Wednesday before attacking 0.7080. Our plan remains: the price will reach the target range of 0.7190-0.7225, form a triple divergence with the Marlin oscillator and turn into a medium-term decline.


The price is slightly below the control level of 0.6979 on the four-hour chart at the moment, the Marlin oscillator is in the growing trend zone.


The first growth target is 0.7080, breaking the level opens the way to the range of 0.7190-0.7225.

The material has been provided by InstaForex Company -