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13.11.201808:16 Forex Analysis & Reviews: The forecast for AUD / USD for November 13, 2018

Long-term review

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AUD / USD

The Australian dollar has confirmed the parameters of the updated price channel with a force deployed from its upper limit. Under the pressure of the US dollar yesterday, the Australian lost 53 points. But today, in the Asian session, it has almost completely won back. The indicator was a daily balance scale indicator line.

The Australian dollar currently feels in a stronger position than European currencies as the main chart (daily) price is above all indicator lines and the Marlin oscillator remains in the zone of positive numbers. The price may take advantage of the confusion on European sites and complete the quality correction to the Krusenstern line on H4 - 0.7235. But after the correction, we again expect a decline to support the trend line line at daily 0.7140.

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