For Traders

Analytical Reviews

Technical analysis

14.07.202005:41 Forex Analysis & Reviews: Forecast for AUD/USD on July 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

The Australian dollar fell for the third consecutive day on Monday. Even if it's a little, but the triple divergence on the Marlin oscillator is at risk on the daily chart. The signal line of the oscillator is now in the negative zone, a further decline in the price below the level of 0.6900 may lead to a further fall to 0.6745 and possibly develop a medium-term decline (0.6600 and below).

An exit of the price above the signal level of 0.7000, which is marked on the four-hour chart, can prevent the development of a downward movement. In this case, the triple divergence on Marlin will continue to form and the targets 0.7080 and 0.7190-0.7225 will open before the price. Pulling down the price below the target level of 0.6900 opens the target of 0.6745. But first, the price needs to get a foothold under the MACD line on H4, that is, below yesterday's low.

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.