Trading Conditions
Products
Tools
AUD/USD
The Australian dollar is rising for the second day. The signal level of 0.7000 (marked on H4) has been overcome, now the aussie is aiming for 0.7080 (July 2019 high) and it is open. Pinning above the level opens the way to the target range of 0.7190-0.7225. If the price growth is quite brisk, we can expect a triple divergence to form on the Marlin oscillator in this range. Accordingly, a reversal in the medium-term decline.
Marlin is growing aggressively on the four-hour chart. If the price reaches the target level of 0.7080, then Marlin will be high in overbought, an aggressive correction to the current levels (0.7000) or lower is likely.
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.