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05.05.202105:28 Forex Analysis & Reviews: Forecast for AUD/USD on May 5, 2021

AUD/USD

Yesterday, the Australian dollar fell by 82 points. This morning the price sharply rebounded. The signal line of the Marlin oscillator slightly turns upward from the zero line on the daily chart. After the rebound, we are waiting for the bears to attack with the 0.7641 target.

Exchange Rates 05.05.2021 analysis

The convergence of the price and the oscillator looks weak on the four-hour chart, we do not expect any noticeable sharp growth, it is unlikely for the price to reach the 0.7767 level, because the price "escaped" from it yesterday. Falling below Friday's low of 0.7697 will be a signal that it will move to the target level 0.7641.

Exchange Rates 05.05.2021 analysis

*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。

Laurie Bailey,
分析专家
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