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23.04.202105:50 Forex Analysis & Reviews: Forecast for AUD/USD on April 23, 2021

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AUD/USD

The Australian dollar was down 46 points yesterday, bringing the signal line of the daily Marlin oscillator out of its small consolidation to the downside. This circumstance can now restrain further upward price movement. The downward movement may be strengthened if the price moves below yesterday's low of 0.7692, it is possible for it to move to the target level of 0.7641. The main target is still 0.7767. Surpassing this level opens the second at 0.7820.

The price has settled below the MACD line and the Marlin oscillator is in the negative zone on the four-hour chart. To restore the growth trend, the price must rise above 0.7730. This is where the difficulty lies in the main growth scenario.

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