22.07.202005:26 Forecast for AUD/USD on July 22, 2020

AUD/USD

The Australian dollar expectedly increased yesterday, which turned out to be quite strong, and gained 110 points. A triple divergence practically formed on the daily chart according to the Marlin oscillator.

Exchange Rates 22.07.2020 analysis

The Marlin signal line only has a few millimeters left to move up until it actually touches the divergence line. Of course, touching the line is not a prerequisite. The price may grow a little more, just without the mandatory condition of reaching the target level of 0.7190, for today, perhaps tomorrow, we are waiting for a reversal in the medium term. The price falling below the 0.7080 level will be the first signal of such a reversal.

Exchange Rates 22.07.2020 analysis

There is a second benchmark for turning the price into a medium-term trend on the four-hour chart – the blue MACD indicator line. Consolidating the price below 0.7040 is a more confident signal for further decline.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

作者:Laurie Bailey,
分析专家
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