empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

14.09.202105:44 Forex Analysis & Reviews: Forecast for AUD/USD on September 14, 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

Yesterday's attempt to try to go down to the support of the MACD line on the daily chart at 0.7288 ended in an upward reversal from the balance indicator line.

Exchange Rates 14.09.2021 analysis

Maintaining the entire price movement above the balance line since September 1, when it went above it, indicates a correction within a growing trend. Accordingly, now we expect the price to rise to the Fibonacci level of 38.2% at the price of 0.7450 - to the first target. Consolidating above the level opens the second target at 0.7558. The Marlin Oscillator is turning up.

Exchange Rates 14.09.2021 analysis

On the four-hour chart, the price has formed a convergence reversal with the Marlin Oscillator. The signal line of the oscillator has already penetrated into the zone of positive values - into the growing trend zone. Exit above the signal level of 0.7396 - above the MACD line, opens the way for the aussie to the designated first target.

Laurie Bailey
Analytical expert of InstaForex
© 2007-2024

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off