FX.co ★ Forecast for AUD/USD on April 12, 2022

The Australian dollar is developing according to the main scenario without changes. Yesterday it hit the bearish target range at 0.7415/30, and in today's Asian session it continues to fall with the support of the declining Marlin Oscillator, which is already moving in the negative area - in the zone of a downward trend. The bears' target at 0.7315 is the level of coincidence of the green price channel line of the older (weekly) timeframe and the MACD indicator line.

On a four-hour scale, the signal line of the Marlin Oscillator attracts attention, which moves almost horizontally with a strongly declining price. This creates an opportunity to delay the time when Marlin is in the oversold zone. There is a high probability of overcoming the target support of 0.7315.