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25.05.202106:19 Forex Analysis & Reviews: Forecast for AUD/USD on May 25, 2021

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AUD/USD

Yesterday the Australian dollar made a weak attempt to move under the balance indicator line. It only pierced the lower shadow. The Marlin oscillator remains in the bears' territory, which prepares the price for a second attack of the balance line today. The first sign of an effective decline will be its transition to the signal level of 0.7690. The first target is the 0.7641 level - the high of December 17, 2020.

The price stopped growing at the MACD line on the four-hour chart. The main scenario assumes a price reversal from this line, but if the price settles above it, it will continue to rise to the MACD line on the higher daily chart to the 0.7812 area near the May 18 high.

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