empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

27.03.202005:26 Forex Analysis & Reviews: Forecast for AUD/USD on March 27,2020

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 has been infected by increased volatility in European currencies. The aussie's range reached 216 points yesterday. The highs of the last three days were near the Fibonacci level of 50.0%. The level has been reached, and there is a hint of a reversal divergence on the lower-scale chart.

Exchange Rates 27.03.2020 analysis

The price may still grow to the resistance of the embedded line of the price channel of the daily chart 0.6206 and at the same time, the divergence may still persist, in general, we are waiting for the price to reverse again to decrease.

Exchange Rates 27.03.2020 analysis

The condition for such a decrease will be the price drift under the MACD line on a four-hour chart below 0.5875. The Australian S&P/ASX200 index fell 2.54% in the Asian session, while the Chinese Shanghai Composite added 0.67% and the Japanese Nikkei225 is up 1.27%.

Laurie Bailey
Analytical expert of InstaForex
© 2007-2024

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off