26.05.202205:13 Forex Analysis & Reviews: Forecast for AUD/USD on May 26, 2022

Yesterday, the Australian dollar made the first attempt to overcome the target level of 0.7056. The level was pierced by the lower shadow of the daily candle and this encouraged the aussie today - the quote is again approaching this support. The Marlin Oscillator is moving horizontally, but at least not rising, which is already good for the main downward scenario. The bears' first target is the 0.6930/60 range.

Exchange Rates 26.05.2022 analysis

On the four-hour chart, the Marlin Oscillator looks settled in the negative area. The price is likely gathering strength to break through the 0.7037 (yesterday low)/56 range. This range includes the MACD line, it receives reinforcements, so the aussie still needs to accumulate short positions.

Exchange Rates 26.05.2022 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
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.

  • Trade Wise, Win Devise
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
  • Ferrari from InstaForex
    Top up your account with at least $1,000
    join the contest and win Ferrari
    F8 Tributo
  • Chancy Deposit
    Deposit your account with $3,000 and win $1,000
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
Can't speak right now?
Ask your question in the chat.