FX.co ★ Forecast for AUD/USD on March 11, 2022

AUD/USD rose by 35 pips on Thursday. But this morning it returned to the general market channel, becoming cheaper along with other USD currency pairs. If sellers manage to get ahold of the market, the pair will dip from 0.7315 (peak on January 13) to 0.7227.

In the four-hour chart, the pair is under the balance indicator line, showing a shift in traders' interest in selling. Overcoming 0.7315 will also lead to a price drop under the MACD line, followed by a further decline to 0.7227 and 0.7185.