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15.10.202106:29 Forex Analysis & Reviews: Forecast for AUD/USD on October 15, 2021

AUD/USD

On Wednesday, the Australian dollar went up from the savings range of 0.7340/90 and now it becomes a support for the price. As a result, it may overcome the target level of 0.7445 (July 2 low) in the near future. After the price consolidates above this level, growth is likely to continue towards the target level of 0.7566 (February 2 low).

Exchange Rates 15.10.2021 analysis

On the four-hour chart, the price rally is weakly supported by the Marlin Oscillator. Visually, the signal line develops sideways, going below the zero line for a short time. Probably, before the attack on 0.7445, the price will still make some preparation with the oscillator discharge. This could be a return to the 0.7340/90 range as a correction from all the gains since September 30th.

Exchange Rates 15.10.2021 analysis

*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 của InstaForex
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