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30.08.2021 05:00 AM
Forecast for AUD/USD on August 30, 2021

AUD/USD

Last Friday, the Australian dollar gained 76 points, coming close to the target level of 0.7323 - to the point of intersection of the MACD indicator line with the Fibonacci level of 23.6%. A sharp exit of the signal line of the Marlin oscillator above the zero line indicates a strong desire to overcome this first target and reach the second - 0.7452, set by the 38.2% Fibonacci line.

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The price moved upward from the MACD line on the four-hour chart, which indicates a certain initial impulse for growth. The Marlin oscillator is growing, and according to the totality of signs, we are waiting for further upward price movement.

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Laurie Bailey,
Analytical expert of InstaForex
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