Forecast for AUD/USD on June 18, 2020

Posted On 17 Jun 2020

AUD/USD

The Australian dollar fell by a symbolic four points yesterday, but it did the most important thing – it consolidated at the target level of 0.6900. The Marlin oscillator has penetrated into the zone of bears on a daily scale, the target at 0.6680 is open. Today’s Australian employment data for May, which showed an increase in unemployment from 6.4% to 7.1%, will contribute to this.

Marlin also infiltrated the declining trend zone on the four-hour chart, the price under the indicator lines of balance (red) and MACD (blue) – we expect the Australian currency to decline further.

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

Source:: Forecast for AUD/USD on June 18, 2020

About the Author

InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support