empty
 
 
23.09.2021 06:17 AM
Forecast for AUD/USD on September 23, 2021

AUD/USD

As a result of yesterday, the Australian dollar showed an increase of 18 points and this morning this growth has already been covered by a decline. All the action takes place under the MACD indicator line on the daily scale chart. The Marlin Oscillator is declining.

This image is no longer relevant

Consolidating below 0.7223 (August 27 low) opens the way to 0.7065, but depends a lot on external markets, it is very possible that the price will turn up without reaching this level.

If the price settles above the daily MACD line, that is, above 0.7260, the price may move to the range of accumulation in July-August to the price area of 0.7360.

This image is no longer relevant

A three-day consolidation with a height of 60 points above the support of 0.7223 has formed on the four-hour chart. It is likely that support will still be overcome. This alternative scenario is hindered by price convergence with the Marlin oscillator. It remains to wait another day to see the market selection.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback