FX.co ★ AUD / USD Forecast for March 22, 2019

AUD / USD

Under a strong but short-term weakening of the American dollar, the "Australian" made an attempt to test the upper limit of the price channel, but the technical resistance turned out to be very strong, and he quickly returned to these resistances - the balance lines and Kruzenshtern daily scale. On the four-hour chart, the price is still above these indicator lines, but the Marlin oscillator signals a strong downward trend. The price is now trying to enter the range of accumulation from above (0.7100). Leaving the price below the lower limit of this range opens the target of 0.6940 - support for the nested line in the daily price channel. Further, perhaps, 0.6813.