FX.co ★ Forecast for AUD/USD on March 11, 2021

AUD/USD

Yesterday, the Australian dollar rose by 22 points and reached the MACD line. Today, it turned down from during the Asian session. The Marlin oscillator is also turning down, while being in the downward trend zone. The main event for today is the ECB meeting, which, according to the main scenario, will pull down the major currencies. The nearest target is AUD/USD at 0.7615, then 0.7565 (February 2 low) and 0.7500 - December 2017 low.

The price is in a neutral state on the four-hour chart- below the MACD line, above the balance line. With the transition to moving under the balance line and the Marlin oscillator into the negative zone, which can happen without difficulty, visually below the level of 0.7700, the price potential will become completely downward.