For Traders

Analytical Reviews

Technical analysis

28.05.202005:09 Forex Analysis & Reviews: Forecast for AUD/USD on May 28, 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 completed another test of its first growth target of 0.6677, after which it closed the day with a decline of 30 points. The situation for the aussie remains twofold - if the first target of 0.6677 is overcome, the price will continue to rise to the second target 0.6820, and if it goes below yesterday's low at 0.6569 will again try to work out the lower price channel line in the region of 0.6470.

The daily Marlin oscillator signal line is located between the border with the territory of negative values (tendency to fall) and its own forming resistance line, marked in turquoise color.

The price found support on the MACD line on the four-hour chart yesterday. The signal line of the Marlin oscillator turned up from the border with the declining territory. Current conditions favor continued growth.

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.