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02.05.2019 07:10 AM
Forecast for AUD / USD pair on May 2, 2019

AUD / USD pair

The correctional growth of the "Australian" turned out to be short for only 3 days, and it was reliably kept by the balance line of the daily scale. After yesterday's Fed decision to keep the current monetary policy unchanged for an indefinitely long time, the Australian dollar lost 35 points. On the four-hour chart, the price almost went below the red indicator line of balance and the marlin oscillator entered the declining zone. We are waiting for the strengthening of the downward trend with the nearest target of 0.6984, which was the line of the price channel of the daily scale and then towards the underlying nested line of the same price channel at 0.6868.

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Laurie Bailey,
Analytical expert of InstaForex
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