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

Yesterday, the Australian dollar gained another 32 points and reached the target level of 0.7500. This is not only a round number, but also the December 2017 low. The daily Marlin Oscillator is turning down, now we are waiting for the price to return to the 0.7415/30 range. The price's departure below the range opens the way for further decline to the target level of 0.7315 – this is the high of January 2022, the high of September 24, 2021 and the line of other historical extremes.

On a four-hour scale, as we expected in yesterday's review, the price with the Marlin Oscillator completed a double divergence. This increases the probability of the aussie working out the target range of 0.7415/30.