27.10.202005:16 Forex Analysis & Reviews: Forecast for AUD/USD on October 27, 2020


The aussie lost 14 points yesterday, staying within Friday's boundaries and target support at 0.7120. As we suspected yesterday, the aussie was thwarted by commodity markets; oil -1.50%, iron ore -0.6%, copper -1.42%. But the price goes up.

Exchange Rates 27.10.2020 analysis

The Marlin oscillator is trying to enter the growth zone for the second day, the balance indicator line sets the price to maneuver to 0.7190.

Growth is constrained by the MACD line on the four-hour chart. Getting the price to settle above it will bring the aussie to the target level of 0.7190. Also, the price can continue rising when it leaves the area above yesterday's high.

Exchange Rates 27.10.2020 analysis

This plan can be crossed out when the price falls below Friday's low of 0.7102, then the target will be 0.7058.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Laurie Bailey,
Chuyên gia phân tích
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