Forecast for AUD/USD on April 22, 2019

AUD / USD

With the release of the price under the MACD line (blue indicator) and the balance (red indicator) on the four-hour chart, the downward trend strengthened so much that on Friday, the Australian added only three points to the general corrective weakening of the US dollar, and today in the Asian session, it is decreasing ahead the rest of the market. On the daily scale chart, the signal line of the Marlin oscillator tends to the border with the territory of decline, the price itself approaches the MACD line and the price channel line (0.7103). Fixing the price at 0.7103 opens up the prospect of reducing to the next embedded line of the price channel 0.6990.

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

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