The Australian dollar quickly returned to the accumulation range of 0.7060-0.7100 after leaving it upwards on March 18. The signal line of the daily marlin oscillator moved down from the boundary with the growth area, and the same indicator consolidated in the decline zone on the four-hour chart. All of this suggests the falsity of the price upwards. We are waiting for the price to leave the mark below the MACD line on the four-hour chart and the aussie to further decline to support the embedded line of the price channel of 0.6940.
The material has been provided by InstaForex Company – www.instaforex.com
AUD/USD
The Australian dollar quickly returned to the accumulation range of 0.7060-0.7100 after leaving it upwards on March 18. The signal line of the daily marlin oscillator moved down from the boundary with the growth area, and the same indicator consolidated in the decline zone on the four-hour chart. All of this suggests the falsity of the price upwards. We are waiting for the price to leave the mark below the MACD line on the four-hour chart and the aussie to further decline to support the embedded line of the price channel of 0.6940.
The material has been provided by InstaForex Company – www.instaforex.com
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