empty
 
 
25.10.2019 05:52 AM
Forecast for AUD/USD on October 25, 2019

AUD/USD

The Australian dollar significantly dropped yesterday under pressure from the US dollar and falling iron ore prices (-1.53%). The aussie received support from the side of the daily balance line. Now the decline may slightly slow down, but the 0.6788 target, as the closest support for one of the lines of price channels, remains. The MACD line moves below the target level.

This image is no longer relevant

The next target at 0.6757 will be achieved with even greater difficulty. The signal line of the Marlin oscillator is close to the transition to the decline zone. The boundary itself is also the resistance to a downward trend.

On a four-hour chart, the price is below the balance lines and MACD, while Marlin in the negative zone. At the moment, the bears are defeating the bulls.

This image is no longer relevant

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback