empty
 
 
28.09.2021 05:43 AM
Forecast for AUD/USD on September 28, 2021

AUD/USD

The Australian dollar gained 0.38% on Monday against the overall strengthening of the US dollar by 0.14%. The aussie was helped by rising commodity prices. But the uncorrelation cannot continue for a long time, investors are more and more interested in the course of "bidding" in the US Congress on the issue of raising the ceiling of the state debt. In the meantime, the United States is living on temporary funding until December 3. Prior to this date, a budget law should be passed with the inclusion of new expenditures under the Biden plan, which can partially smooth out the problem.

This image is no longer relevant

On the daily chart, the price forms a consolidation between the balance (red) and MACD (blue) indicator lines, the Marlin Oscillator lies sideways in the zone of negative values, which reduces the likelihood of price growth to the level of parity with the bears.

This image is no longer relevant

On the four-hour chart, the price failed to overcome the resistance of the MACD line on the second attempt, although the Marlin Oscillator is in the growth zone. Exit above the MACD line with consolidation, above 0.7282, can inspire optimism in the market and direct the quote to the target range of 0.7340/90.

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 $8000 more!
    In March we raffle $8000 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