Forecast for AUD/USD on March 28, 2019

AUD/USD

On Wednesday, the Australian dollar fell by 48 points, returning to the range of accumulation of positions at 0.7060-0.7100, which was formed in four stages since the beginning of March. The situation is completely descending on the four-hour chart- the price is below the MACD (blue) and balance (red) lines, the signal line of the Marlin oscillator in the decline zone.

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On the daily chart, the price is also below the balance and MACD indicator lines and the Marlin oscillator in the decline zone. We are waiting for the "aussie" to further weaken to support the embedded line of the price channel at daily 0.6932.

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