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AUD/USD

As a result of yesterday, the Australian dollar fell by 17 points, reversing from the Fibonacci level of 161.8% on the daily chart. The Marlin oscillator is still in a growing position, which warns of a momentary reversal, even if it occurs.

Exchange Rates 14.02.2020 analysis

Trading was conducted in the 0.6710/45 range on the four-hour chart, most likely, the sideways mini-trend in this range will continue. The price of H4 is higher than both indicator lines, Marlin is in no hurry to penetrate into the negative zone. The consolidation of the falling trend will occur only after the price goes below the MACD line (0.6700). We are waiting for the price at the intersection of the Fibonacci level of 223.6% with the price channel line at the price of 0.6624 (daily).

Exchange Rates 14.02.2020 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Laurie Bailey,
Analytical expert
InstaForex Group © 2007-2020
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