AUD / USD
On Friday, the Australian dollar was slightly higher than the first target of 0.6930 (maximum on November 5), but did not reach the nested line of the price channel. Meanwhile, further reduction of the "Australian" at a minimum of Friday (0.6864), which will lead to a decrease in prices under the price channel line, will open the immediate goal of reducing 0.6815 - to support the MACD line on the daily chart. Next, the target 0.6700 will open which will support the nested price channel line. On the daily chart, the emerging divergence on the Marlin oscillator by the current moment looks convincing already.
On the four-hour chart, a decline to the signal level of 0.6864 will look like a price drop below the MACD line. For a full-fledged signal, it is necessary to fix the price under the signal level. On the other hand, a divergence formed on the Marlin.
The United States and China have reached a partial compromise on a trade deal - no new duties scheduled for December 15 will be introduced, but those introduced earlier with China's commitment to increase purchases of US agricultural products by 50 billion in two years will be retained. However, as you can see, China in reality has lost here, which may complicate the second stage of negotiations and is already putting pressure on the Australian currency.
The material has been provided by InstaForex Company - www.instaforex.com