FX.co ★ Forecast for AUD/USD on February 23, 2022

Yesterday, the US dollar index lost only 0.04%, but the Australian dollar managed to take advantage of even such a weakness - the aussie's growth amounted to 0.42% (29 points). The price is already overcoming the target level of 0.7227. The Marlin Oscillator, which is growing in the positive area, provides help. The price is above the balance and MACD indicator lines. The 0.7291 target is open.

There is a circumstance hindering growth on the four-hour chart - a double unexpressed divergence of the price with the oscillator. But the divergence can also turn out to be an amorphous structure, which covers a growing triangle (wedge). In general, the trend is upward, it will be broken when the price passes under the MACD line (0.7193).