Thread: Instaforex Analysis
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25-03-20, 07:21 #11Veteran Member Just starting here
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Forecast for AUD/USD on March 25, 2020
AUD/USD
The Australian dollar grew by 145 points on Tuesday, since it worked the correction level of 38.2% of the movement on March 9-19. There are no strong reversal signs, growth to the second correction target by Fibonacci level of 50.0% at the price of 0.6095 is possible.
On the four-hour chart, the price has consolidated above the MACD line (blue indicator), which shows the price's intention to continue rising to the next Fibonacci level of 50.0% at the price of 0.6095. The signal line of the Marlin oscillator lies in the lateral direction, which indicates the imminent completion of growth, that is, above 50%, the correction will no longer work.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Analysis are provided byInstaForex.
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