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22.04.202105:52 Forex Analysis & Reviews: Forecast for AUD/USD on April 22, 2021

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AUD/USD

The Australian dollar gained 30 points yesterday, added a few more points this morning and, having touched the target level of 0.7767, covered the decline on Tuesday. The signal line of the Marlin oscillator has formed a narrow consolidation over the past five sessions, which is marked with a gray area on the daily chart, and now we can expect the oscillator to exit from this consolidation, which will be reflected in the price growth. The first target is the 0.7820 level, followed by 0.7850, and the third target is 0.7880.

The price and the Marlin oscillator simultaneously approached their resistances on the four-hour chart: the price to the 0.7767 target level, and Marlin to the zero line. Rising above resistance at 0.7767 will indicate that the aussie is starting to advance to 0.7820.

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