FX.co ★ Forecast for AUD/USD on April 12, 2021

AUD/USD

Last Friday, the Australian dollar reversed downward from strong technical resistance at 0.7665. The signal line of the Marlin oscillator turns into a new wave of decline without touching the border of the growth area. The nearest target is 0.7500.

The price settled under the MACD indicator line on the four-hour chart, while Marlin is gaining an accelerated decline. We are waiting for the price at the designated target.