08.03.202205:36 Forex Analysis & Reviews: Forecast for AUD/USD on March 8, 2022

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The rebound in commodity markets led to the decrease of AUD/USD. The dip was as much as 128 pips, with the price stopping at the upper border of the range 0.7291-0.7315. The Marlin oscillator also showed a downward reversal in the daily chart.

A further decline below 0.7291 opens the opportunity to reach 0.7227.

In the four-hour chart, the Marlin oscillator is in the negative area, with sellers trying to push the quote below 0.7291-0.7315. The MACD line is also inside the range, so traders need to have more strength to overcome it. If they succeed, AUD/USD will leave 0.7291 and go to 0.7227.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.