23.06.202005:19 Forex Analysis & Reviews: Forecast for AUD/USD on June 23, 2020

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AUD/USD

The Australian dollar rose 73 points amid weakening US dollars and rising commodities, having completed its first growth target of 0.6900. This morning, the signal line of the Marlin oscillator returned to the growth zone. Formally, the 0.7080 target is open.

The price reached the MACD indicator line on the four-hour chart. Consolidation over the line will be the final condition for the price to grow to the designated goal. The Marlin oscillator has already consolidated in the growth zone.

When the price returns to the level of 0.6900, consolidating below it will become a condition for a trend reversal and, possibly, an attack on 0.6680. The first fleeting attempt has already taken place with the lower shadow of the current candle, we follow the development of events.

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