Forecast for AUD/USD on August 24, 2021

AUD/USD

The Australian dollar showed good growth yesterday, equal in dynamics to the fall on the 19th (86 points), which is a sign of the price's intention to continue rising, and the nearest target here is the intersection of the 23.6% Fibonacci level with the MACD indicator line - 0.7323. The Marlin Oscillator is still in the negative trend zone, but it is in a hurry to get out of it.

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Marlin is in the growth zone on the H4 chart. The price is set to attack the resistance of the MACD line at 0.7252. After overcoming it, an attack will be made at 0.7323.

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The material has been provided by InstaForex Company - www.instaforex.com

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