FX.co ★ Forecast for AUD / USD pair on February 4, 2019

AUD / USD pair

On Thursday last week, the "Australian" expanded the range of the price channel and is currently dropping for the second day from Friday, which is under pressure from the general strengthening of the US dollar. The Marlin indicator on the daily and four-hour charts vigorously turned down. In order to reduce to the nearest significant support of 0.7043, which was the nested line of the price channel and coincided with the minimum of October 5 of last year, the price needs to fix below the MACD daily scale line at 0.7185. But first, it should be under the same line of 0.7208 on H4.