FX.co ★ Forecast for AUD/USD on September 10, 2020

AUD/USD

The Australian dollar rose by 58 points yesterday while the US dollar weakened, having reached the resistance of the MACD line on the daily chart. It has finished retesting the line. The signal line of the Marlin oscillator moves down from the border of the growth area. We are waiting for the price to fall to the previously designated target of 0.7110 - to the low on August 12.

Convergence with the Marlin oscillator has been reached on the four-hour chart, while the price was seen in the accumulation range of the first days of September, and then it came out of it to fall. We expect the Australian currency to weaken in the long term.