Forecast for AUD / USD pair on November 30, 2018

AUD / USD pair

The Australian dollar took advantage of the favorable situation, finding that the bear investors were busy fighting the energetic buyers of the euro and the pound and overcame the resistance of the upper boundary of the price channel. Over the past two days, there was an increase of 94 points. The price channel has now become wider. On the daily scale, a double price divergence with the Marlin oscillator has formed. We believe that this moment reversal will not be false. If the price drops below the MACD line on a four-hour chart (0.7268), a further price reduction to support the nested line of the price channel by 0.7243 will not take long. But overcoming this line will already be fraught with difficulties since it will be reinforced by a daily scale balance line (red indicator). Next, the price will have to overcome the support range of 0.7165 / 85 and then you can aim at 0.

h8wkJBgxBL2vlCNrm9809HQJ3L1h4RNqv_hrXurZ

LucW4LloWEkplQbuxoGrZ23UeT8-7FNX5fnwB9o_

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