FX.co ★ Forecast for AUD / USD pair on June 19, 2019

AUD / USD pair

Yesterday, the Australian dollar grew by 24 points after testing the embedded line of the price channel on the daily chart below. On the H4 chart, the Marlin oscillator is in a growing position, but the price still remains below the balance line (red indicator) and the MACD line (blue indicator). In this situation, we expect that the price will not be able to overcome the resistance of the price channel.

Before the price, the goal of 0.6780 is open, which is the support on the downward line of the price channel on the daily chart. In fact, the channel is marked on a weekly schedule, with the top in January 2018.