Forecast for AUD/USD on Nov 4, 2019

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AUD/USD

This morning, the Australian dollar managed to penetrate the system of protection against the values of the channel with a growing oscillator. The signal line of the indicator develops in the growing channel itself, and the growth trend is a minimum of 0.6964 on May 6 and June 6. After consolidation above the level, it is possible to continue growth to the level of 0.7000.

In the four-hour chart, the situation is also growing – the price is above the indicator lines, the Marlin oscillator is growing in the zone of a positive trend.

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

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

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