Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Forecast for AUD / USD pair as of August 6, 2018

August 6, 2018 Analytics

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AUD / USD pair

The Australian dollar shows strong persistence before the pressure of the general trend of the market. On Friday, the “Australian” added 37 points against the strengthening of the US dollar index by 0.03%. However, also at this time, the growth was stopped by the balance indicator line (red).

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On the four-hour chart, the price also failed to cope with the resistance of the red balance sheet line, and it is currently returning to the blue trend line. The Oscillator Marlin crossed the border with the zone of negative numbers. The convergence of the price and the oscillator was not formed. Tomorrow, the RBA will also announce the decision on the interest rate and no change is expected. Probably, the “Australian” will continue to decline under the influence of external market factors with the target of 0.7320.

The material has been provided by InstaForex Company – www.instaforex.com

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