FX.co ★ Forecast for AUD/USD on April 8, 2022

Yesterday, the Australian dollar fell by 30 points, overcame the support of 0.7500, pausing at the lows of the last days of March - the first days of April. The daily Marlin Oscillator is heading towards the zero line in order to overcome it and enter the downward trend zone. The nearest price target is the 0.7415/30 range. Breaking the support opens the 0.7315 target.

On the four-hour timeframe, the price has formed a small consolidation below the 0.7500 level. Marlin in the negative area. We are waiting for the price in the target range of 0.7415/30.