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26.03.202105:18 Forex Analysis & Reviews: Forecast for AUD/USD on March 26, 2021

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AUD/USD

Yesterday, the price exactly worked out the target level of 0.7565 (minimum on February 2) and with the support of the Marlin oscillator turning up, it headed for a correction that's probably to the level of 0.7638, determined by the peak on December 17, 2020.

Based on the four-hour chart, the 0.7638 level coincides with the 38.2% Fibonacci correction level. Also, the Kruzenshtern line tends to this level. It turns out a strong magnetic point, from which the price is likely to turn into a new branch of decline with a target of 0.7500.

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