Forecast for AUD/USD on August 30, 2021

AUD/USD

Last Friday, the Australian dollar gained 76 points, coming close to the target level of 0.7323 - to the point of intersection of the MACD indicator line with the Fibonacci level of 23.6%. A sharp exit of the signal line of the Marlin oscillator above the zero line indicates a strong desire to overcome this first target and reach the second - 0.7452, set by the 38.2% Fibonacci line.

analytics612c43be6b4f3.jpg

The price moved upward from the MACD line on the four-hour chart, which indicates a certain initial impulse for growth. The Marlin oscillator is growing, and according to the totality of signs, we are waiting for further upward price movement.

analytics612c43c9b6fc1.jpg

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

Pages