Forecast for AUD/USD on June 30, 2020



The Australian dollar showed little volatility yesterday, continuing to consolidate at 0.6900. The technical situation has not changed, the target at 0.6680 for the March 9 high remains.

The previous day’s price did not go beyond the MACD line on the four-hour chart, the Marlin oscillator is slightly growing, but does not leave the decreasing trend zone. Consolidating the price under the signal level 0.6842 paves the way for the Australian currency to the specified target of 0.6680.


The material has been provided by InstaForex Company –