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FX.co ★ Forecast for AUD/USD on August 23, 2023

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Forex Analysis

2023-08-23T04:30:47
iconRelevance until2023-08-24

Forecast for AUD/USD on August 23, 2023

AUD/USD

The Australian dollar is successfully handling external circumstances that hinder its corrective growth. The US dollar index rose by 0.30% yesterday, while the AUD/USD gained 9 points. The disappointing PMIs also do not interfere with the aussie.

Forecast for AUD/USD on August 23, 2023

The Manufacturing PMI slipped from 49.6 to 49.4 in August, while the Services PMI was 46.7 compared to July's 47.9. The Marlin oscillator is steadily rising. The pair can reach the target range of 0.6516/60.

Forecast for AUD/USD on August 23, 2023

On the four-hour chart, the price settled above the balance line indicator, and the Marlin oscillator is rising in the positive area. The pair can rise further.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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