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FX.co ★ Forecast for AUD/USD on June 23, 2021

Forecast for AUD/USD on June 23, 2021

AUD/USD

The Australian dollar hit the 0.7564 target level yesterday and reversed from it. Now the price is below the price channel line on the daily chart, which increases the potential for a reversal and further decline. The Marlin oscillator is already turning down. The first target is 0.7490, the second target is the 0.7400/10 range - the lower line of the price channel.

Forecast for AUD/USD on June 23, 2021

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The price and the oscillator visually intend to continue to decline on the four-hour chart. This is prevented by Marlin itself, who stays in the growth zone.

Forecast for AUD/USD on June 23, 2021

As the price approaches the level of 0.7490, Marlin will enter the negative area and the decline will receive support - the rate of the price decline may increase. We are waiting for the development of events.

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