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15.04.202105:47 Forex Analysis & Reviews: Forecast for AUD/USD on April 15, 2021

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AUD/USD

The Australian dollar, thanks to the rise in oil, took full advantage of the US currency's weakness yesterday, as it showed the largest gain in Forex at 87 points. There is a rollback in today's Asian session and is likely to continue to develop, since a good report on employment in Australia that was released this morning (unemployment fell from 5.8% to 5.6% in March) has provided a positive impact on the aussie, while the forecast for March retail sales in the US is expected to grow by 5.9%.

There is no reversal on the daily chart, and the signal line of the Marlin oscillator has not turned deep down enough yet. Here we can assume that the 0.7767 target level will not be reached.

Marlin turned down more clearly on the four-hour chart. Formally, a new wave of decline will begin not earlier than the reverse price drift under the MACD line, which coincides with the control level of the December 17, 2020 peak of 0.7641.

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