Forecast for AUD/USD on November 20, 2023


The Australian dollar's growth on Friday overlapped the body of Thursday's black candle. The balance indicator line (red moving average) stopped the decline.


The day closed above the level of 0.6514 (the peak of September 20), so we expect the pair to rise towards the next target of 0.6612. The Marlin oscillator is rising in the uptrend territory.


On the 4-hour chart, a rebound from the MACD line is visible, afterwards the price rose above the resistance at 0.6514. The Marlin oscillator is rising. We expect the price to rise further.

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