Forecast for AUD / USD pair as of September 10, 2018
September 10, 2018 8:25 am
AUD / USD pair
On Friday, the Australian dollar successfully broke the support of the domestic trend line in the price channel, which could not be overcome by 2 months. Now, the decline continues. The nearest target is 0.7067 and then 0.6970.
On the H4 chart, there was a danger. the convergence of prices with the oscillator Marlin began to take shape. It may very well be that the convergence will completely form at the level of 0.7067. We are waiting for clarification of the situation.
Donald Trump decided to review the trade relations with Japan. Negotiations are already underway. From this political side, surprises can be both positive and negative.
The material has been provided by InstaForex Company – www.instaforex.com
AUD / USD pair
On Friday, the Australian dollar successfully broke the support of the domestic trend line in the price channel, which could not be overcome by 2 months. Now, the decline continues. The nearest target is 0.7067 and then 0.6970.
On the H4 chart, there was a danger. the convergence of prices with the oscillator Marlin began to take shape. It may very well be that the convergence will completely form at the level of 0.7067. We are waiting for clarification of the situation.
Donald Trump decided to review the trade relations with Japan. Negotiations are already underway. From this political side, surprises can be both positive and negative.
The material has been provided by InstaForex Company – www.instaforex.com
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