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17.09.201907:06 Forex Analysis & Reviews: Forecast for AUD / USD pair on September 17, 2019

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AUD / USD pair

The Australian dollar did not react to the hype due to the drone attack on the oil facilities of Saudi Arabia, continuing to correct after rising since September 3. On the daily chart, the price is located in the zone of strong technical lines - two price channels and the MACDindicator line. The departure of the price under the MACD line with fixing below 0.6828 opens simply to the "Australian" falling to support the red price channel around 0.6678, which coincides with the August 7 low. The Marlin oscillator turned downward.

On the four-hour chart, the readings of all indicators are decreasing but you should wait until they are fixed below the signal level of an older scale, confirming the observed price drop below the MACD line.

Tomorrow, the Fed will announce a decision on monetary policy. Lowering rates in soft rhetoric can once again provoke an increase in AUD/USD pair to 0.6912 or slightly higher to 0.6950 as the upper border of the blue price channel. A tougher position of the regulator will reveal a declining scenario.

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