Yesterday, the Australian dollar fell 20 points under general pressure from the US dollar. With a daily peak, the price tested the 0.7641 target level once again and headed towards the MACD line on the daily chart (0.7535). According to the medium-term plan for a decline, this line should be overcome soon, the round level of 0.7500 will be reached, and then our scenario assumes that AUD/USD will move to the target level of 0.7410. This level is set by the extremes of August last year and May 2018. The Marlin oscillator on the daily develops within its own descending channel.


Marlin returned to the bears’ territory in the four-hour chart. The price is below both indicator lines. We are waiting for the price to fall to the specified target levels of 0.7535 and 0.7500.


The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.