FX.co ★ Forecast for AUD/USD on June 25, 2021

AUD/USD

Yesterday, the Aussie took advantage of the US dollar's confusion and broad gains in commodities, allowing it to rise 7 points and continue to rally this morning. And even if the growth is small, but from the technical point of view it is important - on the four-hour chart, the price went above the blue MACD indicator line and is preparing to go above the signal level of 0.7600.

If the idea is that the aussie succeeds, then it will open the way to the target level of 0.7647 - to the low on June 3. For a downward reversal, the price needs to go below the lower level of the forty-hour consolidation of 0.7567.

The pair continues to grow evenly on the daily chart. The Marlin oscillator supports this trend. But the likelihood of rising and falling is the same due to the prevailing downward trend.