Forecast for AUD/USD on February 26, 2021


The reversal option for the Australian dollar was considered yesterday, even without reaching the target level of 0.8010. However, the specified currency managed to reach it, which was then followed by a decline. At the moment, the price is approaching the target range of 0.7765/83. Once this range is broken, it can reach the MACD line set at 0.7708.


The price was fixed simultaneously below the MACD line and below the signal level of 0.7881 in the H4 chart. In turn, the Marlin Oscillator was seen deep below after developing the divergence. Now, the new target of 0.7765/83 can be considered.


The material has been provided by InstaForex Company -