FX.co ★ Forecast for AUD / USD pair on June 11, 2019

AUD / USD pair

In the last two days, the Australian dollar made attempts to consolidate over the resistance cluster on a daily scale. However, the attempt ended with a divergence on the lower scale of H4, as well as the absorption of the Friday candle and the departure of the price under the balance and MACD indicator lines on both charts. Thus, the situation has become completely descending. The first goal of the decline is the embedded line of the price channel of the older TF in the area of 0.6900. Overcoming the support opens the second target of 0.6790, which is the support for the downstream line to the daily.