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16.11.2020 04:55 AM
Forecast for AUD/USD on November 16, 2020

AUD/USD

The Australian dollar got actively involved in the play against the US currency on Friday. This morning, it stormed the resistance of the MACD line on the daily chart. The Marlin oscillator is growing. Now the price is aiming for 0.7380 - a strong record level that has been working regularly since August 2015.

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The four-hour chart shows that the price turned to the upside from the point where the target level of 0.7222 coincides with the MACD line. The price is still below the red balance indicator line and Marlin has not yet moved into the growth zone. This is probably a matter of a few hours.

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Laurie Bailey,
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