For Traders

Analytical Reviews

Technical analysis

14.02.202005:56 Forex Analysis & Reviews: Forecast for AUD/USD on February 14, 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

As a result of yesterday, the Australian dollar fell by 17 points, reversing from the Fibonacci level of 161.8% on the daily chart. The Marlin oscillator is still in a growing position, which warns of a momentary reversal, even if it occurs.

Trading was conducted in the 0.6710/45 range on the four-hour chart, most likely, the sideways mini-trend in this range will continue. The price of H4 is higher than both indicator lines, Marlin is in no hurry to penetrate into the negative zone. The consolidation of the falling trend will occur only after the price goes below the MACD line (0.6700). We are waiting for the price at the intersection of the Fibonacci level of 223.6% with the price channel line at the price of 0.6624 (daily).

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.