Forecast for AUD/USD on November 17, 2021

The Australian dollar was down 40 points yesterday. The price returned below the MACD indicator line on the daily scale and consolidated below it. The Marlin Oscillator is declining. Now the price is facing the target of 0.7227 - the low of October 6. This level was also a support at a slightly early record.

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On the four-hour scale chart, the price has settled below both indicator lines - below the balance line and the MACD line. The Marlin Oscillator is declining. We are waiting for a further decrease in prices.

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The material has been provided by InstaForex Company - www.instaforex.com

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