FX.co ★ Forecast for AUD / USD pair on July 25, 2019

AUD / USD pair

On Wednesday, the Australian dollar fell by 27 points, stopping the movement on the balance line of the daily scale. The signal line of the Marlin oscillator has moved to the zone of negative numbers in terms of measured movement with a solid potential to reduce in the future. It can be compared to the decline in the previous four days around the May 15 minimum price of 0.6866. Here, a correction and a further decline of the oscillator are likely. The first target is the area of coincidence of the price channel line with the MACD line of 0.6945. Fixing below the level opens the way to 0.6866.

On the four-hour chart, there is a confident price reduction without signs of a reversal.