FX.co ★ Forecast for AUD / USD pair on August 28, 2019

AUD / USD pair

The Australian dollar plunged down once again, losing 22 points at the Fibonacci level of 23.6% yesterday. The Oscillator Marlin on the daily chart still remains in the zone of negative numbers in the zone of a declining trend. Still, the immediate goal of the decline is once again the nested line of the red price channel in the region of 0.6713. The second target is the blue channel line in the area of 0.6657.

On a four-hour chart, the price is fixed below the lines of balance and MACD. The Marlin oscillator is in the descending area. We are waiting for the development of the "Australian" considering the declining scenario.