09.07.202004:48 Forex Analysis & Reviews: Forecast for AUD/USD on July 9, 2020

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

AUD/USD

The Australian dollar attacked the signal level of 0.6979 on Wednesday before attacking 0.7080. Our plan remains: the price will reach the target range of 0.7190-0.7225, form a triple divergence with the Marlin oscillator and turn into a medium-term decline.

The price is slightly below the control level of 0.6979 on the four-hour chart at the moment, the Marlin oscillator is in the growing trend zone.

The first growth target is 0.7080, breaking the level opens the way to the range of 0.7190-0.7225.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.