Forecast for AUD/USD on July 9, 2020

AUD/USD

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.

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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.

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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 - www.instaforex.com