Main Quotes Calendar Forum
flag ★ Forecast for AUD / USD pair on September 11, 2019

Forex Analysis:::2019-09-11

Forecast for AUD / USD pair on September 11, 2019

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.


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.


Laurie Bailey
Analyst InstaForex
Share this article:
You have watched all the best publications
We are already looking for something interesting for you...
Recently published:
More recent publications...