For Traders

Analytical Reviews

Technical analysis

23.09.202106:17 Forex Analysis & Reviews: Forecast for AUD/USD on September 23, 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

As a result of yesterday, the Australian dollar showed an increase of 18 points and this morning this growth has already been covered by a decline. All the action takes place under the MACD indicator line on the daily scale chart. The Marlin Oscillator is declining.

Consolidating below 0.7223 (August 27 low) opens the way to 0.7065, but depends a lot on external markets, it is very possible that the price will turn up without reaching this level.

If the price settles above the daily MACD line, that is, above 0.7260, the price may move to the range of accumulation in July-August to the price area of 0.7360.

A three-day consolidation with a height of 60 points above the support of 0.7223 has formed on the four-hour chart. It is likely that support will still be overcome. This alternative scenario is hindered by price convergence with the Marlin oscillator. It remains to wait another day to see the market selection.

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.