Carefree "Australian" is growing

AUD / USD

The Australian dollar reacted particularly vividly to the weakening of the US dollar on Friday. The price goes straight to the point of coincidence on the daily scale of the balance line and trend Kruzenshtern at 0.7887. The penetration of the level will allow the price to work out the upper limit of the price channel in the area of 0.7548. The signal line of the oscillator Marlin moved into the growth zone.

The growth of the "Australian" is also supported by related markets; Iron ore has risen in price by 1.1%, aluminum by 0.1%. The prices for oil, copper, and meat contracts declined.

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