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26.11.2019 05:38 AM
Forecast for AUD/USD on November 26, 2019

AUD/USD

On the daily chart, the price of the Australian dollar was consolidated below the MACD indicator line. The line itself, as an indicator of a trend, turns down. The aussie's current goal will be to support the embedded line of the price channel at around 0.6743. After consolidating the price under this mark, AUD/USD expects a mid-term decline to the lower line of the price channel around 0.6566, the movement may take about two weeks.

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On the four-hour chart, the situation is completely falling: the price has consolidated under the indicator lines of balance and MACD, the Marlin oscillator is falling in the territory of the bears.

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Laurie Bailey,
Analytical expert of InstaForex
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