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30.05.2019 07:04 AM
Forecast for AUD / USD pair on May 30, 2019

AUD / USD pair

The fourth day of the Australian dollar is consolidating below the embedded line of the price channel on a daily scale chart. The Marlin oscillator signal line continues to move upward on the daily chart and it moves to further to the growth zone on the four-hour chart. Fixing the price above the May 27 maximum at 0.6940 may develop movement towards the MACD daily chart with a target of 0.7000. However, this scenario may not be fully fulfilled due to a sufficiently high goal against the background of the strengthening of the American dollar.

Leaving prices below the MACD line on a four-hour chart (0.6900) opens the way to a medium-term decline with the first goal of 0.6815,, which was the nested line of the downward daily price channel.

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Laurie Bailey,
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