Forecast for AUD/USD on June 14, 2021

AUD/USD

Last Friday, the Australian dollar supported the general weakening of counterdollar currencies and fell 48 points, indicating an intention to exit the two-month range and move to the downside. The aussie's first target in fulfilling this intention would be the 0.7641 level - the high on December 17, 2020.

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The price on a daily scale is below the indicator lines, the Marlin oscillator is deepening into negative territory. The trend is completely downward.

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On the four-hour chart, the price has settled below the balance and MACD lines, the Marlin oscillator is in its lower half - in the downward trend area, the price is moving towards its first target of 0.7641.

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

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