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Forecast for AUD/USD on October 1, 2019

AUD / USD

The Reserve Bank of Australia may lower the rate from 1.00% to 0.75% today at 4:30 London time. In anticipation of this, the Australian dollar is declining for the second day in a row. On the daily chart, the price has consolidated below the red balance indicator line. The Marlin indicator on daily after a reversal from the boundary with the growth territory continues to decline. The immediate goal of the decline is the embedded line of the red price channel 0.6665, behind it is the line of the blue price channel with the target mark of 0.6588.

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On a four-hour chart, the price is developing in a downward trend below the balance line. The Marlin oscillator in the negative trend territory.

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The material has been provided by InstaForex Company - www.instaforex.com
via Forecast for AUD/USD on October 1, 2019
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