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09.04.202106:00 Forex Analysis & Reviews: Forecast for AUD/USD on April 9, 2021

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AUD/USD

This morning the price tried to take the target level of 0.7665 for the fifth time in the last five days, but just like before, it failed. The Marlin oscillator is reversing to the downside from the border of the growth area. Perhaps this is still a reversal.

Let's take a look at the details on the four-hour chart:

The Marlin oscillator entered the zone of negative values on the four-hour chart during the Asian session. Hopefully, it will be able to do it more confidently and thoroughly for the third time. Previous attempts are indicated by gray ovals. Accordingly, getting the price to settle below the MACD line, under 0.7626, will create another signal for the Australian dollar's succeeding decline. The target is 0.7500.

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