Forecast for AUD/USD on August 31, 2021

AUD/USD

The Australian dollar touched the point of intersection of the 23.6% Fibonacci level with the MACD line with yesterday's high and dropped 15 points. But the Marlin Oscillator does not show a reversal, the price is preparing to overcome the resistance reached at 0.7321. The success of this venture may be accompanied by an increase to the next Fibonacci level of 38.2% at 0.7452.

analytics612d98643fa0d.jpg

On the four-hour chart, the price is consolidating below the 0.7321 level, the Marlin oscillator turns up without crossing the zero line - the border with the territory of the downward trend. We are waiting for further price growth.

analytics612d986fde73a.jpg

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

Pages