For Traders

Analytical Reviews

Technical analysis

13.06.201906:10 Forex Analysis & Reviews: Forecast for AUD/USD on June 13, 2019

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

AUD/USD

The Australian dollar predictably and systematically declines to the first target of 0.6900 - support for the embedded line of the price channel of the higher TF. This morning, the Marlin oscillator signal line entered the zone of negative numbers, which increases the likelihood of the price going below the area of 0.6900 and a further decline. It is possible that a retest of the 0.6900 line from below will occur, now as the resistance line, but the 0.6790 target will become the main one.

Other indicators remain purely "bearish": on the daily chart, the price was stuck below the balance and MACD lines (red and blue, respectively), on the four-hour chart the price is also under both these lines, the Marlin oscillator strengthens its own downward trend.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.