Trading Conditions
Products
Tools
AUD/USD
After a lot of work, the Australian dollar has reached the target range of 0.7340/90 and is coming out of it back down this morning. We expected this with the greatest probability, since the consolidation in this range in July-August was still strong. The Marlin Oscillator has entered the positive area with a margin that will be enough for a price correction in 1-2 days.
The Marlin Oscillator is also in the positive area on the four-hour scale chart, but during the correction it can safely go into the negative area, it has its own support levels (for example, -0.0027). The price is supported by the MACD line, in the area of 0.7272.
We are waiting for the completion of the correction and the continuation of the Australian dollar's 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.