Forecast for AUD/USD on July 27, 2020



The first thing that catches your eye when looking at the Australian dollar’s daily chart is the triple price divergence with the Marlin Oscillator. The pattern is rare, so the probability of a price reversal is very high. A reversal to a medium-term downward trend can take place in the 0.7190-0.7225 range, or in the area of current levels, that is, below the 0.7190 level.

The price rises after a reversal from the MACD line (indicator blue) on the four-hour chart, this growth branch may be the last one before the reversal. Price consolidation below 0.7075 will become a reversal signal. The first downside target will be the 0.6900 level (September 2019 high). The Marlin Oscillator is slightly above the zero line, its general position can be considered neutral, driven by the price in a local situation.


The material has been provided by InstaForex Company –

Source:: Forecast for AUD/USD on July 27, 2020

Won't your trader friends like this?
About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Related Posts

Leave a Reply