The forecast for AUD / USD for October 8, 2018


In the weekly review of the Results of the Week, we "praised" the Australian dollar for traffic stability. It did not disappoint even before the close of the Friday session, the daily decline was 23 points. It is difficult to add something to a steadily declining instrument, when all indicators consistently show only one direction. True, here on H4, the Marlin oscillator signal line has grown a bit, but we interpret this as a discharge of the indicator before further decline.

So, the immediate goal of the "Australian" is to support the nested line in the price channel in the region of 0.6992. After the line is broken, the next one opens with an approximate target of 0.6884.



The material has been provided by InstaForex Company -