Forecast for AUD/USD on Dec 4, 2019



On the daily chart, the price broke above the balance indicator line yesterday, but did not consolidate above it and the current market trend returns to a decline. The signal line of the Marlin oscillator briefly exceeded the boundary with the growth territory, it is currently going back to the area below it. The immediate goal of the aussie is the MACD line at the price of 0.6798. Consolidation below it opens the target at 0.6716 – support of the embedded line of the price channel.

On a four-hour chart, the price returns to the indicator lines on its scale. Price consolidation below the MACD line on the daily (0.6798) could be accompanied by the price touching the same indicator line on the H4 (0.6786).


The material has been provided by InstaForex Company –

Source:: Forecast for AUD/USD on December 4, 2019

Won't your trader friends like this?
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

Related Posts

Leave a Reply