The forecast for AUD/USD for October 10, 2018 888011000 110888 AUD/USDThe other day’s battle of the United States dollar with its European rivals, along with a similarly exciting struggle in the product markets ultimately led to a weakening of the greenback, an increase in product rates and, as a result, the development of the “aussie” by 24 points. Today, the price has actually reached the ingrained trend line of the down cost channel, forming a signal level of 1.7128. Getting rid of the level will enable the rate to grow even more, however the following resistances are extremely close: 0.7155– resistance of the Krusenstern line on the four– hour chart, 0.7184 – resistance of the exact same line on the day-to-day chart. The decrease of the set is full of invisible barriers. Officially, the closest target is the trend line at 0.7070, however in the present scenario, the rate might just a little increase from the signal level(0.7128)and after that attack it. Here we pay attention to the established convergence of the price and the indicator on the day-to-day chart . On the otherhand, the trend stays down. The Australian dollar is ending up being more aggressive and unpredictable.The material has been supplied by InstaForex Business

By | October 10, 2018

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