Forecast for AUD/USD on September 28, 2023
September 28, 2023 5:24 amVideo
Latest News
- Analysis of GBP/USD on April 26th. The pound trades on Friday without changes April 26, 2024
- USD/JPY: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- EUR/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: trading plan for the US session on April 26th (analysis of morning deals). The pound attempted, but it didn’t go April 26, 2024
- EUR/USD: trading plan for the US session on April 26th (analysis of morning deals). The euro continues to rise April 26, 2024
- Trading Signals for GOLD (XAU/USD) for April 26-29, 2024: buy above $2,324 and sell below $2,352 (21 SMA – 6/8 Murray) April 26, 2024
- Technical Analysis – AUDUSD set to complete best week of the year April 26, 2024
- Will Apple finally drop its AI hint? – Stock Markets April 26, 2024
- Bitcoin slips as markets pare back Fed rate cuts – Crypto News April 26, 2024
- EUR/USD. April 26th. Bulls continue to advance after the GDP report April 26, 2024
- Can Chinese PMIs solidify the economy’s recovery prospects? – Preview April 26, 2024
- Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- XM’s Lombok Collaboration: Brightening Futures April 26, 2024
- Week Ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- Market Comment – Yen keeps sinking after Bank of Japan decision April 26, 2024
- Fed faces dilemma amid sticky inflation and slowing economy – Preview April 26, 2024
- USD/JPY: trading tips for beginners for European session on April 26 April 26, 2024
- GBP/USD: trading tips for beginners for European session on April 26 April 26, 2024
- EUR/USD: trading tips for beginners for European session on April 26 April 26, 2024
AUD/USD
Yesterday, the Australian dollar dipped below the target level of 0.6388, under pressure from the balance indicator line (red moving average). Even if the price consolidates below 0.6388, this does not confirm the pair will fall further as we’ll likely see a budget crisis in the United States starting from October 2nd.
Former US President Donald Trump urged Republicans not to back down before a shutdown and to pursue their goals. Current President Joe Biden acknowledged that he does not see a way out of the situation. The Marlin oscillator is not in a rush to delve deep into bearish territory, and this possibly indicates that the initial decline could be a false move. If the price consolidates above 0.6388, the first target will be 0.6514, and then 0.6612.
On the 4-hour chart, there is a convergence between the price and the Marlin oscillator. The behavior of the indicator lines is unremarkable. We can only wait for Monday. However, market participants are currently responding to the latest economic reports. Today, AUD/USD climbed after the release of retail sales data for August, which was up by 0.2%, and an increase in business confidence from ANZ for September, which increased from -3.7 to 1.5.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: