empty
 
 
24.04.2024 04:45 AM
Forecast for AUD/USD on April 24, 2024

AUD/USD

Under the influence of related markets, the Australian dollar has overcome the resistance of the target level at 0.6480. Most likely, today's session will close with a white candle, which will confirm the price's consolidation above the level it reaches. Next, we expect it to rise towards the daily MACD line at the level of 0.6553.

This image is no longer relevant

Only one factor may hinder the price from easily reaching the intended target - a delay in the signal line of the Marlin oscillator at the border of the bullish territory. If we see a reversal of the oscillator, it may not reach the MACD line. But for now, the situation is such that we may see a false breakout above the MACD line, as was the case in the first week of April or on March 21st (spike), and a false breakout of Marlin into positive territory.

This image is no longer relevant

On the 4-hour chart, the price has consolidated above the target level of 0.6480, and the Marlin oscillator continues to gradually rise in the uptrend territory. We expect the AUD/USD pair to rise in the short-term.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback