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22.06.202205:08 Forex Analysis & Reviews: Forecast for AUD/USD on June 22, 2022

The balance indicator line (red) prevented the Australian dollar from rising on the daily chart. This line speculatively separates the areas of predominant purchases and sales of a market asset, and a reversal from it shows that the aussie has retained the players' interest in selling since June 17th.

Exchange Rates 22.06.2022 analysis

The Marlin Oscillator is turning down in the downward trend territory. The price has already overcome the support of 0.6951, now the target of 0.6830 is open.

Exchange Rates 22.06.2022 analysis

Yesterday's growth was stopped by the MACD line (blue) on the four-hour scale. Marlin has crossed the border into the territory of the downward trend, the Australian dollar continues to weaken.

*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
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