FX.co ★ Forecast for AUD/USD on June 9, 2020

AUD/USD

The Australian dollar took advantage of the US dollar's temporary weakness and rising metal prices, and gained 52 points on Monday. The price resolutely turned down in the Asian session today, approaching the opening level of Monday. The divergence according to Marlin remained intact. We expect the price to fall further to the previously stated goals: 0.6830, 0.6680.

The divergence on the Marlin oscillator also persisted on the four-hour chart, transforming into a more traditional look. The signal line of the oscillator crossed the border of the declining trend territory.

It is possible to open a sale of AUD/USD when the price overcomes the signal support of 0.6975.