For Traders

Analytical Reviews

Technical analysis

15.10.202005:02 Forex Analysis & Reviews: Forecast for AUD/USD on October 15, 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 retested the 0.7190 level from below on Wednesday, and immediately retreated from it. The signal line of the Marlin oscillator continues to decline in the negative area. The 0.7055 target, which we previously defined, has become even closer. The MACD line is turning down, this is a sign of an emerging medium-term (up to six months) decline.

The price went under the MACD line on the four-hour chart, the Marlin signal line turned downward from the border of the growth territory, the downward trend is strengthening. We are waiting for the price at the first target of 0.7055.

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.