Forecast for AUD/USD on February 20, 2024

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20.02.2024 06:01 AM




AUD/USDOn Monday, the Australian dollar failed to start a solid upward movement after consolidating above the level of 0.6504. The resistance of the lows on January 17th and December 7th proved stronger. The signal line of the Marlin oscillator briefly entered the positive territory and is now turning back.It is logical to assume that once the price retreats below the level of 0.6504, this will signal the start of a medium-term downward movement for the AUD/USD pair. If the price




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