For Traders

Analytical Reviews

Technical analysis

14.09.202005:04 Forex Analysis & Reviews: Forecast for AUD/USD on September 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 slightly rose last Friday, but did not go beyond the limits of the previous day. The MACD line stopped the growth on the daily chart.

The signal line of the Marlin oscillator is reflected down from the neutral line for the second consecutive time. The potential for a reversal remains. The first target for the downward movement will be the Aug 12 low at 0.7110.

Buyers are primarily concerned with the Australian dollar. The price is above the balance indicator line on the four-hour chart. If the price moves below the low of 0.7249, it is likely to shift under the balance line, which will make it much easier for it to prepare the base for movement towards the designated target of 0.7110 (August 12 low). Leaving the price below 0.7249 can also take the Marlin oscillator into the negative zone, that is, the market will receive an additional technical sign of further decline.

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.