Forecast for AUD/USD on June 10, 2021


Yesterday, the Australian dollar fell by 10 points and settled below the balance indicator line, this is a sign of a shift in market interest in selling the currency. The Marlin oscillator has been in the downward trend zone since May 21, but now the downward trend on the daily scale is completely downward. We are waiting for the aussie to reach the target level of 0.7641 - the level of the peak on December 17, 2020.


The price is stuck on the balance and MACD indicator lines on the four-hour chart. Likewise, the Marlin oscillator has not moved any far from its zero neutral line. Overcoming the current low of 0.7723 will strengthen the aussie's downward sentiment.


The price growth to 0.7788 - to the MACD line on the daily, is possible with the price rising above yesterday's high of 0.7763.

The material has been provided by InstaForex Company -