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23.07.201810:07 Forex Analysis & Reviews: AUD / USD pair review for July 23, 2018

Long-term review

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AUD / USD pair

Following the general growth of against the dollar currency pairs on Friday, the Australian dollar rose by 60 points, having reached the resistance of the trend line for the third time since July 9.

On the four-hour chart, the price was also held this morning by the trend line. The signal lines of the Marlin oscillator while reviewing above zero, which shifts the trend towards growth. It can last up to the upper limit of the price channel (0.7500). To prevent this, a red balance sheet on a daily scale is needed because the price balance is formally still bearish. The support and the goal of the "bears" is the price level of 0.7320.

So, the potential of the Australian dollar has gained a positive direction, but the current trend and the balance are negative. We are waiting for a solution to the situation.

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