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FX.co ★ Forecast for AUD/USD on September 23, 2024

Forecast for AUD/USD on September 23, 2024

The Australian dollar has surpassed the peak of August 29 (0.6827) and consolidated above the 0.6801 level on the daily time frame. The price may reach the target level of 0.6874, forming a stronger divergence with the Marlin oscillator.

Forecast for AUD/USD on September 23, 2024

Breaking through the MACD line (0.6727) will signify a trend reversal on a medium-term horizon. But for now, the bulls need to overcome the peak of September 19 (0.6842).

Forecast for AUD/USD on September 23, 2024

On the 4-hour chart, the price consolidates above the 0.6801 level, and the Marlin oscillator turns upward from the zero line. The price is developing above the balance and MACD indicator lines. These signs indicate a sustained short-term growth potential.

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