Projection for AUD/ USD pair on February 8, 2019 888011000 110888 AUD/ USD set The decrease in rates for many commodities increases the pressure on the Australian currency, which was observed yesterday. Oil, copper, in addition to, coffee and sugar fell by 2.48%, 0.36% and more than 1.0%, respectively. On both everyday and the four-hour charts, the down pattern is totally maintained, which enable us to consider the choice of fixing below the price channel line at 0.7043 as the main one. However, the reversal of the Marlin signal line on H4 can speak of a maturing correction. If it takes place, it is not likely that the rate can exceed the series of 0.7118/ 50, where the rate combined in the first and 3rd years of January. After conclusion of the correction when it occurs, it is perfect to wait for the cost on the downstream line of the rate channel in the location of 0.6920. The material has actually been provided by InstaForex

By | February 8, 2019

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