Forecast for AUD/USD on November 28, 2019

AUD/USD

The situation is developing in its own way for the Australian dollar - the price is falling to the target support of the price channel line, to the area of 0.6739. The signal line of the Marlin oscillator lies in the horizon, but this may not interfere with the price to work out this line, and only correct upwards from it. Investors believe that the RBA can lower the rate twice until the middle of next year, and it can also launch the traditional (in the terminology of current realities) QE, that is, the repurchase of assets on the balance sheet of the central bank.

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On a four-hour chart, the price is falling along the blue line of MACD and here, the Marlin is moving down from the boundary with the growth territory.

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