Forecast by Marius Ghisea – AUD/USD (June 27-July 1)

The AUD/USD currency pair will fall, according to the daily chart. The price has reached EMA50 and this indicates a downtrend for this pair. The MACD and the stochastic oscillator confirm also the downtrend in the medium term.

AUDUSDdaily-page-001

The downtrend in the medium term is confirmed also by the 8 hour chart. The price has reached EMA200 and the MACD indicates that it will continue to fall. A target for the next period may be 0.7250.

AUDUSD8h-page-001

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