FX.co ★ Forecast for AUD/USD on March 30, 2021

AUD/USD

Yesterday, the price tried to rise above the 0.7641 signal level, but it was only possible by the candlestick's shadow, and so it closed below the level. This morning the price makes a second attempt to rise above this level, and therefore the growth is questionable. Perhaps another reversal will take place during the European session.

The price met a strong accumulation of resistance on the four-hour chart: the actual 0.7641 level, with the MACD line and the balance line. It is unlikely that the price will settle above these lines. In the event of success, however, the price may not subsequently grow. Getting the price to settle below the 0.7641 level again will return the situation into a mainstream decline scenario. We are waiting for the development of the situation.