Forex Analysis & Reviews: Forecast for AUD/USD on June 30, 2021

AUD/USD
The Australian dollar dropped 54 points on Tuesday and so it settled below the line of the descending price channel (0.7542). The Marlin oscillator is going down in the negative area, the price has 25 points left before moving below the nearest target level of 0.7490. After that, the target range 0.7400/10 had become active.

The price settled below the MACD indicator line on the four-hour chart, below the level of the price channel at 0.7542, the Marlin oscillator is in the negative area with no signs of a reversal. We are waiting for the price to move down even further.

Analysis are provided by InstaForex