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Forecast for AUD/USD on June 25, 2020

AUD/USD

The Australian dollar's attempt from yesterday to go up to the level of 0.7080 was suppressed by the wide market; The S&P 500 -2.59%, dollar index 0.56%, while non-ferrous metals fell. The aussie's situation quickly returned to a downward direction - the Marlin oscillator turned down from the border of the growth zone with a confirming picture on a four-hour scale.

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The price has consolidated under the red balance indicator line on the H4 chart, Marlin is falling in the zone of negative values. The first target at 0.6680 (March 9 high) is open.

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The material has been provided by InstaForex Company - www.instaforex.com