20.06.202204:45 Forex Analysis & Reviews: Forecast for AUD/USD on June 20, 2022

Since June, the Australian dollar has exactly followed the movements of European currencies, which shows development in accordance with the Federal Reserve's trends, which significantly leads the US dollar to strengthen at least in the medium term.

Exchange Rates 20.06.2022 analysis

On the daily chart, the signal line of the Marlin Oscillator made a short-term false exit to the zero line and returned to the negative area. The price moved above the target level of 0.7037 for a short time. In addition, the price has already crossed the bearish target level of 0.6951, which opens the 0.6830 target, and then, as a logical continuation, the 0.6755 target.

Exchange Rates 20.06.2022 analysis

The price settled below the level of 0.6951 on the H4 chart, the Marlin Oscillator moved into the downward trend area, the 0.6830 target is open.

*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
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
  • Ferrari from InstaForex
    Top up your account with at least $1,000
    join the contest and win Ferrari
    F8 Tributo
  • Chancy Deposit
    Deposit your account with $3,000 and win $1,000
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
Can't speak right now?
Ask your question in the chat.