empty
 
 
27.06.2024 05:09 AM
Forecast for AUD/USD on June 27, 2024

AUD/USD

Yesterday, the Australian dollar marked the target resistance of 0.6690 before closing the day at the opening level. The balance line was only breached by a shadow, as it was earlier in the day, and also this morning. The Marlin oscillator's signal line has gone down from the wedge, but the situation looks very similar to re-forming the wedge into a normal long range with the signal line tilting around the zero mark.

This image is no longer relevant

The price has a chance to break above the target level of 0.6690, and it may even reach the second target at 0.6730, where it could form a significant reversal divergence with the oscillator.

On the 4-hour chart, the price is climbing back above the balance and Kijun-sen lines after previously consolidating below them, a scenario we observed on June 25-26.

This image is no longer relevant

This shows the strength of the local sideways trend. The Marlin oscillator is trying to enter the positive territory again. The situation is uncertain, and this may last until the end of next week, which is when the US employment data is scheduled for release.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • 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.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback