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FX.co ★ Forecast for AUD/USD on June 11, 2020

Forecast for AUD/USD on June 11, 2020

AUD/USD

The Australian dollar slightly grew on Wednesday, staying within the range of Tuesday and between the levels of 0.6900-0.7080, which is already the seventh session. Leaving the price below the lower limit of the range opens the way to the first target of 0.6680 (September 12, 2019 high).

Forecast for AUD/USD on June 11, 2020

The price has a little bit left to go under the MACD line on the four-hour chart, but for more certainty, you should wait for the price to cross the signal - target level of 0.6900, after which short positions can be opened. The signal line of the Marlin oscillator turned down from the border with the growth territory.

Forecast for AUD/USD on June 11, 2020

There is a small chance for the price to increase. But in case the price goes above 0.7080, the 0.7185 target will open.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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