empty
 
 
02.02.2021 05:11 AM
Forecast for AUD/USD on February 2, 2021

AUD / USD

Yesterday, the Australian dollar broke the important technical level of 0.7641 that opened the first "bearish" target at the range of 0.7500 / 35, in which the Kruzenshtern line is located.

This image is no longer relevant

The growth of today's correction brought the price back above the level of 0.7641 this morning., But this is not yet a turning point, since the movement of the Marlin oscillator fits into the framework of the descending channel of the oscillator. This channel is marked on the chart.

This image is no longer relevant

Based on the four-hour scale chart, the price is continually developing under the balance and Kruzenshtern Indicator Lines. The marlin is moving horizontally under the border of the growth area. The correction may continue to the Kruzenshtern line at 0.7680. The RBA meeting may give increased volatility to the Aussie today. The main scenario for the pair is unchanged - a decline in the target range of 0.7500 / 35.

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 $1000 more!
    In April we raffle $1000 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