MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network


Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 ©

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.



Expert In



Forecast for AUD/USD on September 3, 2020


The extended triple divergence on the Australian dollar's daily chart, which started in mid-April, increases the pressure on the currency. The decline can be long-term, more than six months. But the price must settle below the MACD line for a downward trend to form, below 0.7255. After that, the aussie will initially aim for 0.7075 - the high on June 10.


The MACD line at 0.7295 is also located in the same path towards 0.7255 on the four-hour chart. Thus, the 0.7255/95 range is a single broad support for the price that needs to be overcome.


The price can overcome this support for a long time and it is difficult, since there isn't a single picture in the indicators' readings overall. But it can also immediately do so, if fundamental factors and the external market provide help. The US labor data will be released tomorrow, and they will either keep the price from immediately breaking down, or help to do just that. We are waiting for the development of events in the next two days.

The material has been provided by InstaForex Company -