FX.co ★ Forecast for AUD/USD on February 24, 2022

The Australian dollar's growth from yesterday amounted to 66 points. The price slightly fell short of the target level of 0.7291 and collapsed to the level of 0.7227. Obviously, the price stopped at a different record level, at the June 2016 low (0.7285), and turned down from it. At the moment, the price crosses the area under the balance line of the daily scale. Further, the price will have to fight against the support of the MACD line (0.7173) and, if successful, continue its way to the target level of 0.7065.

On a four-hour scale, the price is struggling with the support of the MACD line. It is helped by the Marlin Oscillator, which has penetrated into the zone of negative values at a steep angle. The daily MACD line (0.7173) corresponds to Tuesday's low.