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Wave Analysis from InstaForex
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[QUOTE="InstaForex Gertrude, post: 20290, member: 2617"] [B]Forecast for AUD/USD on June 16, 2020[/B] AUD/USD Yesterday evening, the aggressive growth of the US dollar due to the Federal Reserve's statement about the intention to buy corporate bonds from the secondary market pushed the Australian currency up, it ended the day above a strong technical level of 0.6900. The Marlin oscillator is growing; formally, the target 0.7080 is open before the price. [IMG type="full"]https://forex-images.ifxdb.com/userfiles/20200616/analytics5ee83c0b6962d.jpg[/IMG] Considering the situation on a smaller four-hour chart indicates the presence of an alternative scenario that has a high probability of implementation - a price reversal from current levels, from the notched MACD line (indicator blue). The Marlin oscillator in the zone of positive values. Price taking above yesterday's high will still launch the first scenario with an increase to 0.7080. We are waiting for the development of the situation. [IMG type="full"]https://forex-images.ifxdb.com/userfiles/20200616/analytics5ee83c1e9ec84.jpg[/IMG] [I][URL="https://www.instaforex.com/forex_analysis"]Analysis are provided by[B][COLOR=Red]Insta[/COLOR]Forex[/B].[/URL][/I] [/QUOTE]
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