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25.03.2020 05:32 AM
Forecast for AUD/USD on March 25, 2020

AUD/USD

The Australian dollar grew by 145 points on Tuesday, since it worked the correction level of 38.2% of the movement on March 9-19. There are no strong reversal signs, growth to the second correction target by Fibonacci level of 50.0% at the price of 0.6095 is possible.

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On the four-hour chart, the price has consolidated above the MACD line (blue indicator), which shows the price's intention to continue rising to the next Fibonacci level of 50.0% at the price of 0.6095. The signal line of the Marlin oscillator lies in the lateral direction, which indicates the imminent completion of growth, that is, above 50%, the correction will no longer work.

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Laurie Bailey,
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