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25.06.201906:45 Forex Analysis & Reviews: Forecast for AUD / USD pair on June 25, 2019

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AUD / USD pair

The Australian dollar made its way through the resistance of the MACD line on the daily chart, but this morning, I received a U-turn from the nested line of the price channel. Marlin's leading oscillator points to a turnaround on both scales are in question but the signal line fits into a rectangular consolidation on H4, which may serve as a harbinger of a price breakthrough. This scenario assumes the growth of "Australian" after fixing the price above today's maximum above the line of the daily price channel. The next target when it grows is in the upper limit of the channel at 0.7048.

The downward price movement is more difficult. Formally, the target is in the underlying line of the price channel with a mark of 0.6860, but there are two strong supports ahead. The first is the MACD line at 0.6912 on H4. Below it, the price level of 0.6887 was achieved on June 19 and 17. It remains only for us to wait for the development of the situation.

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