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05.06.201907:51 Forex Analysis & Reviews: Forecast for AUD/USD on June 5, 2019

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AUD/USD

On Tuesday, the Australian dollar struggled with the resistance of the MACD line of the daily scale, to which the balance line (indicator red) rushed to the rescue, which became an irresistible resistance for the price. But this morning, thanks to a good GDP indicator for the first quarter of 0.4%, the price went above the MACD line and, in accordance with the strong positions of the leading Marlin oscillator, intends to overcome the resistance of the trend line of the price channel at 0.7012 and continue to grow.

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