Forecast for AUD / USD pair on December 6, 2018

AUD / USD pair

The overbought Australian dollar, which we talked about in recent days, has had an effect. From the maximum of 4 numbers, the "Australian" has lost 175 points to the current moment. In the Asian session today, the price met with the balance line on the daily chart, where it can now be a little tied up. Below the balance line is the MACD trend indicator line at 0.7192, which can also slow the decline and even lower is the nested line of the price channel at 0.7164. Under these conditions, we can expect a slowdown in the downward price movement. It is possible that the path to 0.7164 will be covered in three days, that is, before the vote in the British Parliament under the Brexit agreement. Next, we are waiting for the price reduction to support the next line of the price channel in the area of 0.7022, which is also the minimum from October 26.

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