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08.09.202205:27 Forex Analysis & Reviews: Forecast for AUD/USD on September 8, 2022

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The Australian dollar's growth amounted to 34 points on Wednesday, in today's Asian session, this growth has already been covered by a decline. The price transition above the resistance level of 0.6755 turned out to be false, respectively, the price is moving towards the 0.6685 target. Going under the level will open the 0.6640 target.

The Marlin Oscillator has formed a descending wedge, the statistically predominant direction of exit from it is down. The initial conditions for it are decreasing.

On a four-hour scale, the price is supported by convergence with the Marlin Oscillator. Another price jump up to the MACD line is possible. In this case, the predictive action of the level of 0.6755 will lose its value, it will move to the MACD line - a reversal from it and will mean a new wave of price decline in the short term (several days).

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