For Traders

Analytical Reviews

Technical analysis

17.11.202004:52 Forex Analysis & Reviews: Forecast for AUD/USD on November 17, 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 rose by 52 points yesterday. Technically, the growth of the market was due to a rebound from the support of the MACD indicator line from the trading's opening. As the Marlin Oscillator continues to grow, the price at the first target level of 0.7380 is anticipated. If the price overcomes it, then we anticipate the price at the second target level of 0.7440 (the minimum of September 2016 and the maximum of August 2015).

Based on the four-hour chart, the price consolidated above the balance indicator line with the growing Marlin oscillator. This is a sign that the current movement remains on the horizon for several days. The Australian dollar at the specified target levels is to look forward to.

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.