FX.co ★ Forecast for AUD/USD for May 14, 2019

AUD/USD

On Monday, under the general pressure of the US dollar, the "aussie" lost 55 points. On a daily scale, the marlin oscillator signal line tried to break down from the consolidation on April 25-May 13. The price has consolidated under the embedded line of the price channel and continues to decline towards a target of 0.6855 - the underlying embedded line in the price channel of the weekly timeframe. On the four-hour chart, the price falls below all indicator lines and the marlin oscillator goes down in the negative zone with no signs of a reversal. We look forward to further price declines to the next embedded line of the price channel in the area of 0.6855.