FX.co ★ Forecast for AUD / USD pair on September 25, 2019

AUD / USD pair

On Tuesday, the Australian dollar performed the expected correction in the range of 0.6759-0.6809 that we expect. The price received support from the red indicator line of balance, the Marlin oscillator slowed down a bit on the border with the territory of the bears on the daily chart. Nevertheless, the price remains below the MACD line and the trend continues to decline. We are still waiting for the price at the nested line of the red price channel in the region of 0.6668. If the price goes above the resistance of the red line of the price channel above 0.6830, growth is possible to the line of the blue price channel to the area of 0.6937.

On a four-hour chart, the price is held below both indicator lines and the Marlin Oscillator is in the growth zone. We look forward to a weakening market in the current range of 0.6759-0.6809, possibly through consolidation in this area. The price movement to the MACD line of 0.6826 will coincide with an attempt to overcome the daily scale resistance. It is unlikely that the market will succeed right away, even if subsequent growth takes place.