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21.06.201906:31 Forex Analysis & Reviews: Forecast for AUD / USD pair on June 21, 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 pair

The Australian dollar showed a not so bad growth of 42 points yesterday and now, it may have doubts about the advisability of further growth, especially on Friday. On the four-hour chart, the price is fixed above the balance lines and MACD indicator. The Marlin oscillator does not indicate a decrease. The growth potential of AUD/USD pair has not been exhausted with the target of 0.6953 on the MACD line of the daily chart. Leaving the price below the support of the MACD line at 0.6915 on the four-hour chart will not mean a change in the trend. A fully formed signal requires the price to be fixed below the balance line on H4. It may decline along with the price while remaining below it and maintaining the risk of renewed growth.

As a result, we assume working off the nearest target of 0.6953 and some local decline after, for example, to the level of 0.6887. Meanwhile, the H4 is ticked.

Exchange Rates 21.06.2019 analysis

Laurie Bailey
Analytical expert of InstaForex
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