Main Quotes Calendar Forum
flag

FX.co ★ Forecast for AUD/USD on November 30, 2021

parent
Forex Analysis:::2021-11-30T03:47:41

Forecast for AUD/USD on November 30, 2021

The Australian dollar gained 23 points on Monday, the trading range stayed within the 0.7107-07171 levels. Overcoming any of these levels may mean a continuation of the short-term movement: downward to the 0.7065 target (June 2020 high), ascending to the target of 0.7227. The Marlin Oscillator is showing an upward reversal, but it looks weak.

Forecast for AUD/USD on November 30, 2021

On the four-hour scale, the price approaches the magnetic point - to the point where the target level of 0.7171 coincides with the balance (red) and MACD (blue) indicator lines. The Marlin Oscillator already anticipates this event with a transition to a positive area, entering a zone of a growing trend.

Forecast for AUD/USD on November 30, 2021

So consolidating above 0.7171 opens the target at 0.7227. This is the main option. If the price moves below the level of 0.7107, an alternative variant will open with a movement to 0.7065.

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...