FX.co ★ Forecasts for AUD/USD on April 26, 2021

AUD/USD

Last Friday, the Australian dollar managed to overcome the resistance of the 4-hour MACD line and settled above it. It reached the 0.7767 target level this morning. The Marlin oscillator on H4 has entered the growth zone, this gives a hint about the price's intention to go higher, to the 0.7805/20 target range.

Consider the daily chart. Marlin is turned to the upside, it is growing in the zone of positive values. The 0.7805/20 target range coincides with the MACD line, which is being embedded into it. We are waiting for it to continue rising towards the specified goal.