AUD/USD Forecast for November 27, 2020

AUD / USD

Yesterday, the Australian dollar stopped its market-leading speculation and closed the day with a small black candle like everyone else. The price forms a divergence with the Marlin oscillator from the target level of 0.7380. The nearest reduction target is 0.7253 on the Kruzenshtern line on the daily.

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Based on the four-hour scale chart, the price was fixed under the Kruzenshtern line this morning. The signal line of the Marlin oscillator comes out of its own wedge down and breaks into the zone of a declining trend. We are waiting for the price at the target level of 0.7253. The second target is 0.7222 at the minimum on November 13 and the maximum on November 4.

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