04.03.201908:27 Forex Analysis & Reviews: Forecast for AUD/USD on March 4, 2019

Long-term review


The increased volatility of the Australian dollar was limited by the upper balance line of both scales – day and four-hour. This indicates a continuing downward trend in the face of any investor struggle. The development of the Marlin oscillator also increases on both scales in the reduction zone. Finally, today trade opened with the price gap up, which is an independent sign of the price reversal down and strengthening the fall.

We are waiting for the price on the line of support for the price channel of daily scale in the area of 0.6986. Consolidation under the line opens up the second goal on any line in the area of 0.6864.

Exchange Rates 04.03.2019 analysis

Exchange Rates 04.03.2019 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

  • Trade Wise, Win Devise
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
  • Ferrari from InstaForex
    Top up your account with at least $1,000
    join the contest and win Ferrari
    F8 Tributo
  • Chancy Deposit
    Deposit your account with $3,000 and win $1,000
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
Can't speak right now?
Ask your question in the chat.