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.

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.

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

from RobotFX