Main Quotes Calendar Forum
flag

FX.co ★ Forecast for AUD/USD on September 2, 2020

parent
Forex Analysis:::2020-09-02T03:42:47

Forecast for AUD/USD on September 2, 2020

AUD/USD

The Australian dollar did not have enough strength to reach the target level of 0.7395 yesterday. The triple divergence with the Marlin oscillator has retained its development and will raise the pressure on the price with each bar. The first target is 0.7296, then the price will have to overcome the support of the MACD line around 0.7240 to gain a foothold in the medium-term downward trend.

Forecast for AUD/USD on September 2, 2020

The four-hour chart shows that the Marlin oscillator went ahead with the decline by charging onto the border of the territory of negative values, that is, in the downward trend zone.

Forecast for AUD/USD on September 2, 2020

The MACD line is approaching the first target level of 0.7296. It is possible that the price will meet these lines at the intersection of the two lines. Accordingly, staying under the lines will increase the price's chances before it attacks 0.7240.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...