Trading Conditions
Products
Tools
AUD/USD
The Australian dollar showed a good move by falling 82 points yesterday, and has reached the target level of 0.7124 this morning. Below which is the second target level of 0.7060, but since today is Friday, investors can close positions to take all weekly profits, so a correction from 0.7124 is more likely to occur. On a daily scale, the Marlin Oscillator is flat.
On the four-hour chart, Marlin is rising against a decline in price, signaling a correction. At the moment, the MACD line limits the price's growth, approximately in the area of 0.7255, although the price does not necessarily have to rise there in its corrective growth.
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.