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

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