On Friday, the quotation of the Australian dollar crossed the support of the balance lines and MACD on the daily and four-hour charts. Marlin oscillator signal line on H4 is in the descent zone. It can also be noted that the price on both charts was kept by the indicator of balance line, which indicates the development of correctional growth since the beginning of the month within the framework of a downward trend. We look forward to a further reduction of the “Australian” to October 26 minimum at 0.7022. A fixation below the level will open the way to 0.6765, which support the price channel line.
The material has been provided by InstaForex Company – www.instaforex.com
AUD / USD pair
On Friday, the quotation of the Australian dollar crossed the support of the balance lines and MACD on the daily and four-hour charts. Marlin oscillator signal line on H4 is in the descent zone. It can also be noted that the price on both charts was kept by the indicator of balance line, which indicates the development of correctional growth since the beginning of the month within the framework of a downward trend. We look forward to a further reduction of the “Australian” to October 26 minimum at 0.7022. A fixation below the level will open the way to 0.6765, which support the price channel line.
The material has been provided by InstaForex Company – www.instaforex.com
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