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Forecast for AUD/USD on September 17, 2020

AUD/USD

The Australian dollar closed yesterday's session neutral after the Federal Reserve meeting was publicized, the day ended at the opening level, but this morning investors saw the "working" mood on Wall Street and picked it up, actively selling counter-dollar currencies.

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The daily chart shows the price attacking the important technical level of 0.7249, breaking through which opens the way for it to fall to 0.7110, the August 12 low. The Marlin oscillator has entered the downward trend zone, the situation is declining on a daily scope.

analytics5f62e2f870ae4.jpg

The four-hour chart also shows a consistent technical decline. The price is below the indicator lines, which serve as a kind of support and resistance level, while the Marlin oscillator is in the negative zone. We are waiting for the price to successfully attack 0.7249 and move to 0.7110.

The material has been provided by InstaForex Company - www.instaforex.com