30.11.202105:47 Forex Analysis & Reviews: Forecast for AUD/USD on November 30, 2021

The Australian dollar gained 23 points on Monday, the trading range stayed within the 0.7107-07171 levels. Overcoming any of these levels may mean a continuation of the short-term movement: downward to the 0.7065 target (June 2020 high), ascending to the target of 0.7227. The Marlin Oscillator is showing an upward reversal, but it looks weak.

Exchange Rates 30.11.2021 analysis

On the four-hour scale, the price approaches the magnetic point - to the point where the target level of 0.7171 coincides with the balance (red) and MACD (blue) indicator lines. The Marlin Oscillator already anticipates this event with a transition to a positive area, entering a zone of a growing trend.

Exchange Rates 30.11.2021 analysis

So consolidating above 0.7171 opens the target at 0.7227. This is the main option. If the price moves below the level of 0.7107, an alternative variant will open with a movement to 0.7065.

*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
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

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