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26.03.201907:13 Forex Analysis & Reviews: Forecast for AUD / USD pair on March 26, 2019

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

AUD / USD pair

On Monday, the Australian dollar closed down by 31 points. In today's Asian session, the price stopped at the intersection of indicator lines between the balance and MACD daily scale. The signal lines of the marlin oscillators of both graphs moved to the growth zone but in the general downward context, these signals may not be informative. Hence, it creates distracting noise. On the other hand, the price cannot overcome the accumulation zone of 0.7060-0.7100, which creates prerequisites for the discharge of the market headed upward to the March 21 maximum at 0.7169, where it will meet the upper border of the price channel.

The return of the "Australian" to the accumulation zone removes the risk of rising prices. Fixing the price under this zone opens the way to the support of the embedded line of the price channel at 0.6932 then extends to the target of 0.6812.

Exchange Rates 26.03.2019 analysis

Exchange Rates 26.03.2019 analysis

Laurie Bailey
Analytical expert of InstaForex
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