FX.co ★ Forecasts for AUD/USD on April 27, 2021

AUD/USD

Yesterday, the Australian dollar reached the MACD indicator line on the daily chart again. The first time it reached it was back in April 20. The price turns down again, the Marlin oscillator also shows an intention to reverse. Consolidating below the 0.7767 target level will probably send the price to the target level of 0.7641.

On the four-hour chart, the 0.7767 control-target level is being strengthened by the approaching MACD line. This moment increases the significance of the level and the likelihood that the price will fall further after it settles below it.

Exit above 0.7820 will open the target at 0.7850. The second bullish target is 0.7880.