FX.co ★ Forecast for AUD/USD on May 28, 2021

AUD/USD

The Australian dollar continues to settle above the indicator line on the daily scale. The MACD indicator line acts as resistance from above. Despite the Marlin oscillator's desire to go deeper into the zone of negative values, the trend is unlikely to change to a downward trend until the price overcomes the signal level of 0.7690 - the low on May 13.

The price is settling below the MACD indicator line on the H4 chart. The MACD line itself has a slight downward slope, as on the daily chart, which indicates a downward trend in this currency pair. Marlin is in the territory of a downward trend. Price fluctuations, as in the previous days, are possible due to the neutrality of the situation, but in the end we are waiting for the price to move under the signal level of 0.7690.