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08.10.202106:07 Forex Analysis & Reviews: Forecast for AUD/USD on October 8, 2021

AUD/USD

The Australian dollar showed good growth by 40 points yesterday, and now a little more than 20 points are left to the target range of 0.7340/90. We believe that today's US employment data will turn out to be worse than forecasted and counterdollar currencies will receive an upward momentum. The aussie will probably not stay in the specified range for long. Further, it has a target of 0.7445 - the low of July 2. The Marlin Oscillator has entered the rising trend zone.

Exchange Rates 08.10.2021 analysis

The growth continues on the four-hour chart - the price is above both indicator lines, the Marlin Oscillator is growing in the positive area.

Exchange Rates 08.10.2021 analysis

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

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2022
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