Forecast for AUD/USD on September 7, 2021


Yesterday, the Australian dollar spent the entire day at the Fibonacci level of 38.2%, consolidating, probably ahead of today's and tomorrow's gains. The target of this growth is the 50.0% Fibonacci level at 0.7558. The level also corresponds to the low of February 2.


The upward trend has not been broken on the four-hour chart. The price is still rising above the balance and MACD indicator lines, the Marlin oscillator has not left the area of the upward trend. We are waiting for the AUD/USD pair to continue rising.


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