Forecast for AUD / USD pair on July 29, 2019

AUD / USD pair

Last Friday, the "Australian" pushed through the support node with force from the trend line of the price channel to the indicator support balance and MACD. The decline was 39 points, where it slowed down on the red line of the price channel of a higher price scale.

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On the H4 graph, a weak divergence formed on the Marlin oscillator. It is possible to return the price to the price channel that has become the resistance (blue line) at 0.6935 on the daily chart. On H4, the marlin will exit even more and once again, the market will be able to get accustomed to the "bearish" goals. The most noticeable target of 0.6866 is the low of May 17-23.

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