For Traders

Analytical Reviews

Technical analysis

25.03.202005:32 Forex Analysis & Reviews: Forecast for AUD/USD on March 25, 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 grew by 145 points on Tuesday, since it worked the correction level of 38.2% of the movement on March 9-19. There are no strong reversal signs, growth to the second correction target by Fibonacci level of 50.0% at the price of 0.6095 is possible.

On the four-hour chart, the price has consolidated above the MACD line (blue indicator), which shows the price's intention to continue rising to the next Fibonacci level of 50.0% at the price of 0.6095. The signal line of the Marlin oscillator lies in the lateral direction, which indicates the imminent completion of growth, that is, above 50%, the correction will no longer work.

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.