empty
 
 
26.02.2020 07:00 AM
Forecast for AUD/USD on February 26, 2020

AUD/USD

In the last two sessions, the Australian dollar has consolidated under the enclosed line of the price channel, in the range of Fibonacci levels of 238.2-223.6%. The Marlin oscillator forms a convergence, but it looks weak in the context of global decline. The immediate goal of AUD/USD is represented by a range of Fibonacci levels of 271.0-261.8%, in the price range of 0.6536/52. Furthermore, it is possible to fall to the embedded line of the price channel of 0.6457, to the area of the Fibonacci level of 314.0%.

This image is no longer relevant

On the four-hour chart during the time of consolidation, the Marlin oscillator managed to discharge without leaving the negative trend territory. With the price breaking the lower boundary of consolidation (0.6586), the target opens at 0.6536/52.

This image is no longer relevant

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