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FX.co ★ Forecast for AUD/USD on October 14, 2021

Forecast for AUD/USD on October 14, 2021

AUD/USD

The Australian dollar decided not to stay for a long time in the accumulation range of July-August of 0.7340/90 - this morning, even despite the receipt of data on the growth of unemployment from 4.5% to 4.6%, the price is making an attempt to finally exit this range.

Forecast for AUD/USD on October 14, 2021

The nearest growth target is 0.7445. Consolidating above the level opens the way to 0.7566 - to the lows of March and February.

On the four-hour chart, the price strengthened its growth at the moment of a rebound from the balance indicator line. The Marlin Oscillator has consolidated in the positive trend zone. The price growth is likely to continue.

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Forecast for AUD/USD on October 14, 2021

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