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Forecast for AUD/USD on October 4, 2021

AUD/USD

During the Friday trading session, the Australian dollar managed to break above the resistance of the MACD indicator line on the daily chart. It continues to rise this morning, the price is struggling with the resistance of the balance indicator line. The Marlin Oscillator is lagging a little, but it is already quite close to the border with the growth territory. It seems that it is in the driven position in the current situation. The price is heading to the target range of 0.7340/90.

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On the four-hour chart, the price has consolidated above the MACD line, Marlin has established itself in the growth zone. The trend is fully upward here. We are waiting for growth in the accumulation zone of 16 0.7340/90 on July 22-August.

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