Forecast for AUD/USD on February 12, 2021

AUD / USD

The Australian dollar still decided to work out the target range of 0.7765 / 83 and this made it clear that the formed divergence on the four-hour scale gives a reversal signal. A decrease in the price below the signal level of 0.7714 will be a condition for opening short positions. The target is the 0.7625 / 41 range (the peak on December 17).

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Based on the daily chart, the Marlin oscillator stayed in the positive zone as the reversal is slow. Perhaps, the moment to open the sale will only start tomorrow.

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

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