For Traders

Analytical Reviews

Technical analysis

01.12.202106:00 Forex Analysis & Reviews: Forecast for AUD/USD on December 1, 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.

Yesterday, the Australian dollar showed a nice technical picture on the daily and 4-hour charts. On a daily basis, this is an accurate hit of the target levels 0.7171 and 0.7065 with a total range of 106 points. Now the daily Marlin Oscillator is forming an upward reversal. Formally, the price should be expected at 0.7171 (September 29 low) with an attempt to overcome it and move further to 0.7227.

On the four-hour chart, the price converged with the Marlin Oscillator. Marlin is currently advancing in the positive area. The MACD line passes below the target level of 0.7171, respectively, a price exit above the level will mean an exit above this indicator line. The target 0.7227 will become open.

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.