12.04.2019 06:46 AM
Forecast for AUD/USD on April 12, 2019


On Wednesday, the Australian dollar unexpectedly rose sharply against the overall moderate background of other world currencies, adding 50 points and expanding the technical range of the declining price channel, but the next day, on Thursday, this growth was blocked by a black day candle. Today, in the Asian session, the price remains above the MACD lines and the balance of the daily chart, but already below the MACD line of the four-hour chart. The marlin oscillator signal line on H4 is in the declining trend zone. Conditions for a further price drop, in accordance with our main scenario, will consolidate after leaving the pair's quotes below 0.7105, that is, below the support of the MACD line of the daily scale. The purpose of the decline is the embedded line of the price channel of the daily TF near 0.7020.

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Laurie Bailey,
Analytical expert of InstaForex
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