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22.04.201906:39 Forex Analysis & Reviews: Forecast for AUD/USD on April 22, 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

With the release of the price under the MACD line (blue indicator) and the balance (red indicator) on the four-hour chart, the downward trend strengthened so much that on Friday, the Australian added only three points to the general corrective weakening of the US dollar, and today in the Asian session, it is decreasing ahead the rest of the market. On the daily scale chart, the signal line of the Marlin oscillator tends to the border with the territory of decline, the price itself approaches the MACD line and the price channel line (0.7103). Fixing the price at 0.7103 opens up the prospect of reducing to the next embedded line of the price channel 0.6990.

Exchange Rates 22.04.2019 analysis

Exchange Rates 22.04.2019 analysis

Laurie Bailey
Analytical expert of InstaForex
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