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AUD / USD pair

In the last two days, the Australian dollar has fixed above both lines of the price channels (red and blue) for the weekly and monthly scales. The price is also higher than the balance lines and MACD daily chart. The nearest target is open to July 10 minimum at 0.691. Subsequent consolidation above a new level opens the second target of 0.6962, which is the upper border of the blue (weekly) price channel.

Exchange Rates 11.09.2019 analysis

For the development of a falling scenario, the price should fall below the support of the MACD line on the four-hour chart at 0.6815. Under this condition, the downward target below opens to 0.6685, which is the embedded line of the red (monthly) price channel.

Exchange Rates 11.09.2019 analysis

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

Performed by Laurie Bailey,
Analytical expert
InstaForex Group © 2007-2019
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