AUD/USD – February 4, 2019

Posted On 04 Feb 2019

AUD / USD pair

On Thursday last week, the “Australian” expanded the range of the price channel and is currently dropping for the second day from Friday, which is under pressure from the general strengthening of the US dollar. The Marlin indicator on the daily and four-hour charts vigorously turned down. In order to reduce to the nearest significant support of 0.7043, which was the nested line of the price channel and coincided with the minimum of October 5 of last year, the price needs to fix below the MACD daily scale line at 0.7185. But first, it should be under the same line of 0.7208 on H4.

fAilonMp2c6Yjw6RtZqR_UGsFqxwfx8zf9S8LkB7

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Forecast for AUD / USD pair on February 4, 2019

About the Author

InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support