Forecast for AUD/USD on February 24, 2021

AUD/USD

Yesterday, the Australian dollar slightly took a break, after sharply rising for two consecutive days. This was expressed as a small pause on technical indicators before further growth. Now, the price can reach the target level of 0.8010. If it successfully consolidates above it, the upward movement can extend to the the second target set at 0.8137.

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As for the H4 chart, Marlin oscillator's discharge is more apparent. The first target is expected to be broken and so, we are watching how the price behaves at the 0.8010 level.

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

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