FX.co ★ Forecast for AUD/USD pair on September 5, 2019

AUD / USD pair

The Australian dollar has already come close to the coincidence point of two indicator lines - the balance line and the MACD line at 0.6836 on the daily chart. The decisive growth of the Marlin oscillator suggests that resistance can be overcome. However, a stronger barrier is waiting for the price around the point of convergence of the two price channels of the week and month scale at 0.6856.

On a four-hour chart, the price is growing briskly above the indicator lines.The Marlin oscillator is close to the overbought zone. It is likely that from one of the target levels at 0.6836 or 0.6856, either a market reversal will occur or a deep correction, for example, to support the MACD line at 0.6767.