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14.04.202105:44 Forex Analysis & Reviews: Forecast for AUD/USD on April 14, 2021

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AUD/USD

Yesterday, the Australian dollar rose along with European currencies, although on the technical side it did not move as clearly as the euro or the pound. On the daily chart, the price is below the signal - target level of 0.7665 while the Marlin oscillator is not yet in the growth zone. There is a possibility of a reversal of the oscillator from the zero line.

On the four-hour chart, the price settled above the MACD indicator line, while the Marlin oscillator entered the rising trend zone. For now, the aussie is showing its intention to attack 0.7665, but taking into account the sideways trend since March 24, it is better to hold back from opening positions in any direction.

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