Forecast for AUD/USD on November 8, 2019

AUD/USD

Over the past two days, the technical picture of the Australian dollar has strengthened the reversal conditions to fall to the nearest target at 0.6810 - to the level where the MACD line of the daily scale can meet, the price and lows on October 24-28. First of all, this gain is expressed by the output of the signal line of the Marlin oscillator from its own upward channel (azure). Marlin divergence has been strengthened. Also, the price, having tested the price channel line yesterday (probably for the last time), turned down from it.

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On the four-hour chart, the price of growth was kept by the MACD line, there was a downward reversal. Synchronously with it, the signal line of the Marlin oscillator turned around from the boundary with the growth territory. We are waiting for the aussie at the target level of 0.6810.

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