The forecast for AUD / USD on November 1, 2018

AUD / USD

At the cost of great efforts, the Australian dollar has emerged above the trend line of a downward channel. Even the Marlin oscillator signal line on the daily chart is in the growth zone. On the four-hour chart, Kruzenshtern was fixed above the indicator lines of balance. The price reversal from these lines upwards coincided with the reversal of the Marlin line from the neutral border. This is quite a strong signal for growth, but on the daily chart, there are strong resistances in the form of these two indicator lines. Overcoming them will allow the price to work out the upper limit of the price channel at 0.7187. In the case of failure, we are waiting for the price to return to 0.7044, support for the trend line and lows on October 10, 8 and 5.

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