Forecast for AUD/USD on March 6, 2019

Posted On 06 Mar 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.

RpblJepX5WtT0C7VBS4Rflv8Dc4IrhHDzpqGM34H

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

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