Forecast for AUD/USD pair on July 6, 2020

AUD/USD

The Australian dollar is pinned above the level of 0.6900 oon the daily chart. The pair grew by 18 points last Friday. The growth continues today in the Asian session. The Marlin oscillator entered the growing trend zone today. Now the aussie's actual goal is 0.7080.

There is a high probability that the first goal will be overcome in order to form a divergence with the Marlin oscillator.

analytics5f029b5641548.jpg

The price accelerates growth over the balance indicator lines (red) and the MACD indicator lines (blue) on the four-hour chart. The signal line of the Marlin oscillator came out of the local consolidation (gray rectangle) up. We are waiting for the growth to continue towards the goal of 0.7080.

analytics5f029b696ae47.jpg

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