FORECAST BY MARIUS GHISEA – AUD/USD (October 19-23)

The AUD/USD currency pair is in a range at this moment, between 0.7330 and 0.7230 level. This currency will be in a downtrend when breaks out of this range and will fall below EMA 200 on 8 hours chart

8h chart

According to the MACD on the daily chart, AUD/USD will fall in the medium long term. A confirmation of the downtrend will be when the price breaks below EMA 15, at 0.7218 level.

daily chart

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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