Forecast for AUD/USD on June 24, 2020

Posted On 23 Jun 2020

AUD/USD

The Australian dollar opened and closed above the target level of 0.6900 on Tuesday, which made it consolidate above the level and now it is striving for the second goal of 0.7080. The price is helped by the Marlin oscillator, which has moved into the zone of positive values.

After the price exceeded the MACD indicator line on the four-hour chart, the price re-tested this line from above, and continued to grow in the Asian session today. The Marlin oscillator in the growth zone.

It is possible to open purchases with a stop loss below the MACD line, that is, below 0.6925.

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

Source:: Forecast for AUD/USD on June 24, 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