FX.co ★ Forecast for AUD/USD on March 18, 2019

Today in the Asian session, the Australian dollar went up from the accumulation zone of 0.7060-0.7100, but growth prospects do not look high. The first strong resistance on the daily chart is the coincidence point of the balance line and the MACD 0.7135. The Marlin oscillator signal line of this scale already touches the boundary with the area of growth, and according to a combination of factors, the price may turn down to support the embedded line of the price channel of 0.6940. Consolidating above the lines can extend growth to the upper boundary of the channel of 0.7192.