Forecast for AUD/USD on March 4, 2019

AUD/USD

The increased volatility of the Australian dollar was limited by the upper balance line of both scales – day and four-hour. This indicates a continuing downward trend in the face of any investor struggle. The development of the Marlin oscillator also increases on both scales in the reduction zone. Finally, today trade opened with the price gap up, which is an independent sign of the price reversal down and strengthening the fall.

We are waiting for the price on the line of support for the price channel of daily scale in the area of 0.6986. Consolidation under the line opens up the second goal on any line in the area of 0.6864.

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The material has been provided by InstaForex Company - www.instaforex.com

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