FORECAST BY MARIUS GHISEA (August 24-28)

According to the daily chart, the AUD/USD currency pair is in downtrend. The MACD on the daily chart is a confirmation that in the medium term this pair will fall under 0.70 level.

daily audusd

The 8 hour chart confirms also the downtrend. AUD/USD will fall below 0.7250 when it breaks out of the range.

8 hour audusd

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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