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FX.co ★ Forecast for AUD/USD on November 15, 2021

Forecast for AUD/USD on November 15, 2021

The Australian dollar gained 35 points last Friday, blocking the previous Thursday's decline with a daily candle. Simultaneously with this growing signal, the price went above the MACD indicator line. The Marlin Oscillator is turning up. Consolidating above the MACD line, that is, above the close of Friday, sequentially opens the targets: 0.7414, 0.7566 (low on March 25 and February 2, 2021).

Forecast for AUD/USD on November 15, 2021

On the four-hour scale, the price convergence with the Marlin Oscillator is fully formed. A breakthrough above the level of 0.7361 (November 5 low), above the MACD indicator line, will confirm the price growth that has begun towards the designated targets.

Forecast for AUD/USD on November 15, 2021

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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