22.06.202004:55 Forex Analysis & Reviews: Forecast for AUD/USD on June 22, 2020

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AUD/USD

The Australian dollar made another attempt to break through the resistance of 0.6900 last Friday. The aussie quickly went down, having made sure of its strength. The Marlin oscillator has moved to its lower half - to the declining trend zone. The nearest target at 0.6680 will be achieved soon. Overcoming the level opens the second target of 0.6570.

The signal line of the Marlin oscillator also penetrated into the zone of negative values on the four-hour chart. The price is lower than both indicator lines - the balance and MACD line. The trend is completely decreasing.

The gap at the opening of a new week is closed, we are waiting for a visual price reversal - forming a closed black candle.

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