FX.co ★ Forecast for AUD/USD on June 20, 2022

Since June, the Australian dollar has exactly followed the movements of European currencies, which shows development in accordance with the Federal Reserve's trends, which significantly leads the US dollar to strengthen at least in the medium term.

On the daily chart, the signal line of the Marlin Oscillator made a short-term false exit to the zero line and returned to the negative area. The price moved above the target level of 0.7037 for a short time. In addition, the price has already crossed the bearish target level of 0.6951, which opens the 0.6830 target, and then, as a logical continuation, the 0.6755 target.

The price settled below the level of 0.6951 on the H4 chart, the Marlin Oscillator moved into the downward trend area, the 0.6830 target is open.