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29.09.202106:15 Forex Analysis & Reviews: Forecast for AUD/USD on September 29, 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

On Tuesday, the price was unable to strengthen the primary signs of growth, turned down from the resistance of the balance indicator line on the daily scale and even went under the support of the MACD line, however, staying above the target level of 0.7223. The Marlin Oscillator is moving sideways in the downward trend zone. The situation is also confused by increased volatility in adjacent markets, so it is advisable to wait one day for clarification of the situation and the market intentions for the Australian currency. Reverse exit above the MACD line with a consolidation above it will return the mood for long positions, consolidation below 0.7223 will give confidence to the bears.

Exchange Rates 29.09.2021 analysis

On a four-hour timescale, the situation is almost identical to the daily one and does not provide more information: the price is below the indicator lines, Marlin is trying to chart an upward reversal in the negative zone.

Exchange Rates 29.09.2021 analysis

Laurie Bailey
Analytical expert of InstaForex
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