empty
 
 
09.07.2019 06:42 AM
Forecast for AUD / USD pair on July 9, 2019

AUD / USD pair

The Australian dollar declines for the fourth trading session as it approaches the accumulation of important technical support and the breakthrough of which opens room for market bears. The accumulation of these support levels around the level of 0.6938, where the balance lines, MACD and technical support for the price channel line on the daily scale graph are gathered. The signal line of the Marlin oscillator is approaching the border with the territory of the downward trend. Visually, its transition to the zone of negative numbers coincides with the moment the price exits at 0.6938, which further enhances the importance of the moment.

This image is no longer relevant

On the four-hour chart, the price is falling below the indicator lines of balance, MACD, and Marlin, which also indicates a decline in the trend.

This image is no longer relevant

We are waiting for a price breakdown.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback