09.07.202004:48 Forex Analysis & Reviews: Forecast for AUD/USD on July 9, 2020


The Australian dollar attacked the signal level of 0.6979 on Wednesday before attacking 0.7080. Our plan remains: the price will reach the target range of 0.7190-0.7225, form a triple divergence with the Marlin oscillator and turn into a medium-term decline.

Exchange Rates 09.07.2020 analysis

The price is slightly below the control level of 0.6979 on the four-hour chart at the moment, the Marlin oscillator is in the growing trend zone.

Exchange Rates 09.07.2020 analysis

The first growth target is 0.7080, breaking the level opens the way to the range of 0.7190-0.7225.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2021
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