For Traders

Analytical Reviews

Technical analysis

22.03.202105:17 Forex Analysis & Reviews: Forecast for AUD/USD on March 22, 2021

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 opened with a falling gap on Monday, which is another sign of a downward trend formed according to the indicators: the price is below both indicator lines, while the Marlin oscillator is forcibly penetrating the bears' territory. But in the interests of the market (in order to develop a downward momentum), it is advisable to close the gap today. We are waiting for the gap to close and the price to fall to the first target level of 0.7615.

The first downward momentum stopped at the MACD indicator line on the four-hour chart. Getting the pair to settle under it, below 0.7706, will help in developing the downward momentum so the pair can reach the 0.7615 target. But first, it is likely that the gap will close as the price rises to 0.7750.

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.