Forecast for AUD/USD on January 11, 2019

AUD/USD

Despite the persistent growth of the "ausie", its stubbornness seems to be false - Australian investors, no less than European, are waiting for a decision on the May project of the English parliament and are ready with equal enthusiasm to storm technical support "when it starts". In the meantime, the Australian dollar adds 30 points amid a stall in commodity growth.

On the daily chart, the price has fixed above the Krusenstern line. Provided the growth is not very fast, the price can reach the resistance of the upper border of the price channel without resistance from above the red indicator line of balance.

The initial sign of decline will be price fixing under the Krusenstern line for daily and local extremes on November 13 and October 17, followed by a decline to the Krusenstern line on the four-hour chart (0.7078). Fixing under this level opens up the prospect of an already powerful decline to the embedded line of the price channel in the area of 0.6780.

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