For the third session, the Australian dollar is trading in a narrow range between the balance lines and the Krusenstern on a daily scale chart in anticipation of the decision of the British Parliament on the Brexit agreement with the EU. A positive outcome of the vote, and it can be both the adoption of the agreement and its failure with a minimum number of votes, can give optimism to investors, and the “aussie” will grow to 0.7293 (the upper limit of the price channel) or higher to 0.7339 (high of November 16). In this case, the descending channel with the top in January last year will be abolished.
The negative outcome of the vote will allow the price to push the support of the Krusenstern line and fall to 0.7022 – the low on October 26.
On the four-hour chart, the current situation is neutral – the price is above the indicator lines, but the signal line of the Marlin oscillator turns from the border downwards.
The material has been provided by InstaForex Company – www.instaforex.com