AUD / USD
The Australian dollar on Friday met the minimum plan and reached the target level of 0.7042. Today, on a shorter working day in Australia and in the West, investors just close their positions before the holidays.
On the four-hour chart, there are first signs of price convergence with the Marlin indicator, which may indicate the potential for corrective growth. Upon completion of the correction, which is the maximum (as far as possible to continue in a declining trend) can continue to 0.7125, we are waiting for the resumption of the decline to support the embedded line in the price channel in the area of 0.6998.
The material has been provided by InstaForex Company - www.instaforex.com
