FX.co ★ Forecast for AUD / USD pair on August 20, 2019

AUD / USD pair

The Australian dollar continues to spin up on the axis, expressed by the Fibonacci level of 23.6% of the July 19-August 7 fall. On the daily chart, the signal line of the Marlin oscillator continues to move straight up, the target 0.6822 - the correction level of 38.2% - remains relevant.

On the four-hour chart, the price breaks above the balance line and if successful, the trend balance will shift upward. The signal line of the Marlin oscillator will go into the growth zone (above zero) around the same time into the zone of positive values. A signal for growth will be the release of prices above the August 16 high at 0.6797.