FX.co ★ Forecast for AUD/USD on May 21, 2021

AUD/USD

Yesterday, the Australian dollar gained 48 points, and in today's Asian session, the price has won back half of yesterday's growth by falling. The exit of the signal line of the Marlin oscillator into the growth zone turned out to be short, now it is in the negative area again. A second attempt is made to decline to the signal level of 0.7690. Probably, this level will be overcome at the beginning of next week.

The price returned to the area under the MACD indicator line on the four-hour chart, Marlin, synchronously with the daily oscillator, attacks the border of the declining trend zone. We are waiting for the development of the downward trend.