Forecast for AUD/USD on October 14, 2021


The Australian dollar decided not to stay for a long time in the accumulation range of July-August of 0.7340/90 - this morning, even despite the receipt of data on the growth of unemployment from 4.5% to 4.6%, the price is making an attempt to finally exit this range.


The nearest growth target is 0.7445. Consolidating above the level opens the way to 0.7566 - to the lows of March and February.

On the four-hour chart, the price strengthened its growth at the moment of a rebound from the balance indicator line. The Marlin Oscillator has consolidated in the positive trend zone. The price growth is likely to continue.


The material has been provided by InstaForex Company -

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