Forecast for AUD/USD on July 9, 2021

AUD/USD

The Australian dollar showed a good decline yesterday, as a result of which the signal line went down from the triangle of the Marlin oscillator, it almost reached the target range of 0.7400/10. With the greatest degree of probability, the price will now not only fulfill the 0.7373 target set by the embedded price channel line, but will surpass it and go to the target level of 0.7344 - to the highs of November 2020.

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The price continues to decline below the balance and MACD indicator lines on the four-hour chart, Marlin is declining in the area of the downward trend. We are waiting for the price to move down.

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

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