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16.10.202005:54 Pregled Forex analiza: Forecast for AUD/USD on October 16, 2020

AUD/USD

The Australian dollar carried on with its steady decline, yesterday it hit the first target of 0.7055. Lowering in the price below this target level opens a subsequent target of 0.6960 near the support of the nested line of the monthly chart price channel (blue line). The Marlin Oscillator is declining in the negative zone and we are anticipating further development of the downward movement.

Exchange Rates 16.10.2020 analysis

On the four-hour chart, the price is reduced under both of the indicator lines. The Marlin Oscillator is declining in the zone of dominance of the bears. We are anticipating the Australian dollar at the price of 0.6960.

Exchange Rates 16.10.2020 analysis

*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.

Laurie Bailey,
Analitickog eksperta
InstaForex grupa kompanija © 2007-2021
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