Forecast for AUD/USD on September 2, 2021

AUD/USD

The Australian dollar successfully completed its daily task on Wednesday: it went above the balance indicator line on the daily chart (red), and settled above the MACD indicator line (blue). Now the closest target at 0.7452 is open - the Fibonacci level of 38.2%. The second target at 0.7558 is the 50.0% Fibonacci level, which coincides with the February 2 low.

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The price is developing above both indicator lines on the four-hour chart, the Marlin oscillator has slightly decreased within the current correction, but it is holding in positive territory. We look forward to continued growth.

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

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