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25.06.202005:00 Forex Analysis & Reviews: Forecast for AUD/USD on June 25, 2020

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AUD/USD

The Australian dollar's attempt from yesterday to go up to the level of 0.7080 was suppressed by the wide market; The S&P 500 -2.59%, dollar index 0.56%, while non-ferrous metals fell. The aussie's situation quickly returned to a downward direction - the Marlin oscillator turned down from the border of the growth zone with a confirming picture on a four-hour scale.

The price has consolidated under the red balance indicator line on the H4 chart, Marlin is falling in the zone of negative values. The first target at 0.6680 (March 9 high) is open.

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