For Traders

Analytical Reviews

Technical analysis

30.08.202105:00 Forex Analysis & Reviews: Forecast for AUD/USD on August 30, 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

Last Friday, the Australian dollar gained 76 points, coming close to the target level of 0.7323 - to the point of intersection of the MACD indicator line with the Fibonacci level of 23.6%. A sharp exit of the signal line of the Marlin oscillator above the zero line indicates a strong desire to overcome this first target and reach the second - 0.7452, set by the 38.2% Fibonacci line.

The price moved upward from the MACD line on the four-hour chart, which indicates a certain initial impulse for growth. The Marlin oscillator is growing, and according to the totality of signs, we are waiting for further upward price movement.

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.