Forecast for AUD/USD on October 9, 2019

forex-news-audSince the opening of the week, the Australian dollar has developed on the scale of a four-hour chart. All days, until this morning, the price was reflected from the support of the MACD line of a four-hour scale.

The signal line of the Marlin oscillator penetrates into the growth zone.

Now the aussie is ready to close the gap formed at the beginning of the week.

Exchange Rates 09.10.2019 analysis

The purpose of growth is the line of the price channel of the daily scale near the MACD line at around 0.6790. We the fall to resume from the target level.

Exchange Rates 09.10.2019 analysis

Origin: InstaForex

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