Forecast for AUD/USD on November 12, 2019


The Australian dollar continues to systematically decline to the designated target of 0.6810 - this is the low of October 25, to which the MACD line of the daily scale is aiming. Consolidation below the level opens the way to the embedded line of the red price channel in the region of 0.6752. The Marlin oscillator has entered the negative trend zone.


On the four-hour chart, the price is still developing under the lines of balance (red indicator) and MACD (blue indicator), the leading Marlin oscillator does not give noticeable reversal signals, except perhaps for a weak convergence that precedes a short consolidation.


The material has been provided by InstaForex Company -