Forecast for AUD/USD on March 6, 2019

Since the beginning of the week, the Australian dollar has not shown any noticeable activity, probably looking back at European currencies, but today in the Asian session it decided to catch up – the decline is already more than 50 points, and the first target of 0.6986 is already close.

Today, on the four-hour chart, the Marlin oscillator signal line moved down close to the border with the growth area, which shows the unspent bearish energy and prompted us to successfully overcome the support of the price channel line and further reduce the price to the next support in the area of 0.6864.

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

Source:: Forecast for AUD/USD on March 6, 2019

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