empty
 
 
18.04.2024 05:12 AM
Forecast for AUD/USD on April 18, 2024

AUD/USD

The Australian dollar has recovered its losses from Wednesday and it seems that it will continue to rise towards 0.6480. However, today's report showed Australian unemployment ticked up to 3.8% from 3.7% in February.

This image is no longer relevant

The Marlin oscillator has slowed down its upward movement on the daily chart. The price may not reach the target level of 0.6480.

On the 4-hour chart, the Marlin oscillator managed to enter the positive territory but it appears that it intends to return back below the zero line soon.

This image is no longer relevant

The target level of 0.6480, reinforced by the MACD indicator line, serves as the limit for the corrective rise. If the price consolidates below the support at 0.6410, the price could fall to 0.6273 - the low of October 26, 2023.

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