Online source for the latest forex and trading news. Stay informed with up-to-date market trends, expert analysis, and insightful articles to help you make smart trading decisions

Tuesday, March 5, 2019

Forecast for AUD/USD on March 6, 2019

Since the beginning of the week, the Australian dollar has not shown any noticeable activity, probably looking back at European currencies, but today in the Asian session it decided to catch up - the decline is already more than 50 points, and the first target of 0.6986 is already close.

Today, on the four-hour chart, the Marlin oscillator signal line moved down close to the border with the growth area, which shows the unspent bearish energy and prompted us to successfully overcome the support of the price channel line and further reduce the price to the next support in the area of 0.6864.

9fo6fktnEQouLequU7GRNGn9eLHQWDA_jRZHXV1bRpblJepX5WtT0C7VBS4Rflv8Dc4IrhHDzpqGM34H

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

No comments: