Forecast for AUD/USD on September 1, 2021


The Australian dollar gained 18 points on Tuesday, hitting the balance indicator line on the daily chart with the day's high. Overcoming this line will mean a shift in market interest in buying the Australian dollar into the mid-term investment horizon. Today it opened above the MACD indicator line, which was the first signal for such a medium-term growth. The closest target is the 38.2% Fibonacci level at 0.7452.


The price is consolidating at the 23.6% Fibonacci level (0.7321) on the four-hour chart, being above the indicator lines. The Marlin oscillator is turning upward from the border with the bears' territory. We are waiting for the price to rise further.


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