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Expert In



Forecast for AUD/USD on May 28, 2020


The Australian dollar completed another test of its first growth target of 0.6677, after which it closed the day with a decline of 30 points. The situation for the aussie remains twofold - if the first target of 0.6677 is overcome, the price will continue to rise to the second target 0.6820, and if it goes below yesterday's low at 0.6569 will again try to work out the lower price channel line in the region of 0.6470.


The daily Marlin oscillator signal line is located between the border with the territory of negative values (tendency to fall) and its own forming resistance line, marked in turquoise color.


The price found support on the MACD line on the four-hour chart yesterday. The signal line of the Marlin oscillator turned up from the border with the declining territory. Current conditions favor continued growth.

The material has been provided by InstaForex Company -