Forex Forecast: (AUD/USD) Australian Dollar To US Dollar - 18/07/22

The RBA Surprised With A Smaller 25 bp Hike , Sterling (GBP) Rose, The USD Has Weakened

Relevance up to 04:00 2022-07-19 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

After the aussie's growth by almost 50 points last Friday, now the price continues to rise in today's Asian session and is approaching the target level of 0.6830 (low of May 12). The Marlin Oscillator on the daily timeframe is approaching the border with the growth territory, overcoming which may develop a correction to the next target level of 0.6951.


Exchange Rates 18.07.2022 analysis


The MACD indicator line is approaching this level. If the price reaches the target, then we expect it to turn down, into a new wave of decline. The move towards 0.6951 will be jerky as this was in the 0.6951-0.6830 range of the June 22-July 5 decline.


Exchange Rates 18.07.2022 analysis


The price has consolidated above the balance and MACD indicator lines on the four-hour chart, the Marlin Oscillator is growing in the positive area. Consolidating above 0.6830 will start the chase to the 0.6951 target level. Returning to the area below 0.6755 will mean that the price intends to reach 0.6686 and then 0.6640.


Read more:

The RBA Surprised With A Smaller 25 bp Hike , Sterling (GBP) Rose, The USD Has Weakened

InstaForex Analysis

Instant Trading EU Ltd. is the CFD broker regulated by CySec with license number 266/15.


Besides CySEC, Instant Trading EU Ltd. is also supervised by the Czech National Bank (CNB), the Slovak National Bank (SNB), and the Polish Financial Supervision Authority (KNF). Consequently, InstaForex has branches in the Czech Republic, Slovakia, and Poland, where it provides support in local languages. InstaForex is a member of the Investor Compensation Fund (I.C.F) which is an additional security for the client's funds. Besides, the broker ensures the Negative balance protection. So, the reliability and trustworthiness of this broker raise no doubts.


Instaforex offers access to more than 2,500 instruments (Stocks CFDs, ETFs, IPOs, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Stocks) and the MT4 and MT5 platforms, trading accounts in EUR, USD, PLN, CZK, GBP.


More information at:

Follow InstaForex on:

Twitter | LinkedIn