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03.07.202405:39 Forex Analysis & Reviews: Forecast for AUD/USD on July 3, 2024

AUD/USD

Yesterday, the Australian dollar, like other counter-dollar currencies, closed the day higher. However, unlike its usual behavior, it did not lead the market, as it preferred to stay within the range of 0.6627/90.

Exchange Rates 03.07.2024 analysis

The signal line of the Marlin oscillator is still moving sideways but is already showing progress in the positive area. The pressure within the range is increasing, and the price is expected to surge on Friday. Currently, there's a 55% probability of such a surge, with 0.6780 as the target.

Exchange Rates 03.07.2024 analysis

On the 4-hour chart, the price has already settled above the MACD indicator line, and the Marlin oscillator has moved into the uptrend territory. We don't expect the Australian dollar to quickly move out of its own comfort zone.

*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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