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27.03.202406:03 Forex Analysis & Reviews: Forecast for AUD/USD on March 27, 2024

AUD/USD

In today's Pacific session, the Australian dollar's quote is returning below the balance indicator line on the daily chart. Although yesterday's candle was black, it closed above the balance line.

Exchange Rates 27.03.2024 analysis

It appears that the price consolidation turned out to be a false move and, as a result, we can expect downward movement in the medium-term, at least towards the target level of 0.6410. The signal line of the Marlin oscillator has dropped from the zero line. The pair is mainly following a downtrend.

Exchange Rates 27.03.2024 analysis

On the 4-hour chart, the price has settled below the balance line, and the Marlin oscillator has entered the downtrend territory. Visually, the decline is gaining momentum. Declines seen in commodity markets both yesterday and this morning are mounting pressure on the Australian currency.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2024
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