empty
 
 
15.10.2020 05:02 AM
Forecast for AUD/USD on October 15, 2020

AUD/USD

The Australian dollar retested the 0.7190 level from below on Wednesday, and immediately retreated from it. The signal line of the Marlin oscillator continues to decline in the negative area. The 0.7055 target, which we previously defined, has become even closer. The MACD line is turning down, this is a sign of an emerging medium-term (up to six months) decline.

This image is no longer relevant

The price went under the MACD line on the four-hour chart, the Marlin signal line turned downward from the border of the growth territory, the downward trend is strengthening. We are waiting for the price at the first target of 0.7055.

This image is no longer relevant

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback