logo

FX.co ★ Forecast for AUD/USD on June 24, 2022

Forecast for AUD/USD on June 24, 2022

The Australian dollar closed down 33 points on Thursday. On a daily scale, the price has settled below the level of 0.6951, and now it is moving towards the target of 0.6830, the low of May 12th. The Marlin Oscillator is falling in the negative area, the trend is downward. The second target is 0.6755.

Forecast for AUD/USD on June 24, 2022

On the four-hour chart, the price is falling below the balance (red) and MACD (blue) indicator lines, the Marlin Oscillator is also below the zero line - in the downward trend zone. We are waiting for the price to move to 0.6830, then to 0.6755.

See also: Start Forex trading with a European level broker!
Forecast for AUD/USD on June 24, 2022

The aussie is also under pressure from foreign markets: yesterday copper lost 4.71%, natural gas 9.40%. Big investors' fears regarding the global recession affect the Australian currency even more than the European ones.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account