FX.co ★ Forecast for AUD/USD on March 21, 2022

The Australian dollar's growth on Friday amounted to 40 points. The price reached the target range of 0.7415/30. Now the aussie has two traditional scenarios: from the target level there will be a corrective decline to the level of 0.7315, or the growth will continue to the next target level of 0.7500 (December 2017 low).

On the four-hour chart, there are no clear signs of the predominance of any of the scenarios. The price is formally in an upward trend, but the Marlin Oscillator no longer shows growth, at the moment it is developing in its own consolidation and may go down from it. The price should settle above the upper limit of the target range (0.7430) for it to continue rising. If the price cannot rise, then the bears will certainly take advantage of the situation.