FX.co ★ Forecast for AUD/USD on October 15, 2019

AUD/USD

So, as it has now become clear, the Australian dollar in the fight against the strong resistance zone on the daily chart, only touched the red line of the price channel and fell to the current moment under all available technical lines. Now for the price, they have again become resistances. The Marlin oscillator on the daily chart almost lies on the boundary with the territory of the "bears", fixing the line in this negative zone will develop a downward movement to support the red price channel in the area of 0.6633.

On the H4 chart, the Marlin line was already embedded in the negative zone yesterday, while a more confident attempt can be made today. The purpose of the movement is the MACD line at around 0.6735. A correction is possible from it. By fixing the price under this line, we are waiting for the development of a full-fledged decline to this specific goal.