Forex Analysis & Reviews: Forecast for AUD/USD on June 10, 2022

Yesterday, the Australian dollar decreased under powerful pressure of foreign markets: oil fell by 0.81%, iron ore by 1.18%, S&P 500 -2.38%, the dollar index 0.73%. The aussie lost 91 points.

During the fall, the price overcame the target level of 0.7136, now it faces the nearest level of 0.7037 - the low on May 25 and other historical extremums. With overcoming support, it is likely to decrease to 0.6951 - to the low of May 18. On a four -hour timescale, the price settled under 0.7136, the MACD line turned down, Marlin in the descending trend area. We are waiting for the continuation of the decline in the medium term.

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