25.09.202405:08 Forex Analysis & Reviews: Forecast for AUD/USD on September 25, 2024

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.

Unfortunately, the potential divergence between the price and the Marlin oscillator has not been confirmed. Taking advantage of this technical "weakness" and the growth in adjacent markets, the Australian dollar surpassed the resistance level of 0.6874 yesterday.

It is now close to the target level of 0.6933; breaking through this level will open the path to 0.7014. On the four-hour chart, multiple rebounds of the Marlin oscillator from the neutral zero line have increased the growth potential.

The price has already consolidated above 0.6874. Even a local downward reversal of the signal line might not prevent reaching the nearest target of 0.6933. After that, the situation will be reassessed. The probability of reaching 0.7014 stands at 55%.

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.