empty
 
 
22.02.2023 05:02 AM
Forecast for AUD/USD on February 22, 2023

AUD/USD closed below the support level of 0.6873, which is what it has been unable to do since January 10. It continued to move down this morning.

This image is no longer relevant

It seems that the target is the nearest support line at 0.6730 as the Marlin oscillator keeps on sliding down. Arriving in the oversold zone is possible.

This image is no longer relevant

On the four-hour (H4) timeframe, the pair consolidated under the indicator lines and the resistance level of 0.6873. The Marlin oscillator is down, which suggests that the pair could reach the target level of 0.6730 soon.

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