FX.co ★ Forecast for AUD/USD on April 18, 2022

The Australian dollar fell by 23 points on Friday, and this morning it reached the support of the balance indicator line of the daily scale. The price's departure under this line will be the first serious sign of the beginning of the formation of the aussie's medium-term decline. The probability of the price moving below the balance line is high, as the Marlin Oscillator is going all out ahead of the price, creating and strengthening the market's tension to the downside. Target levels are marked on the chart: 0.7343, 0.7290, 0.7235, 0.7080.

On the H4 chart, the price is going down evenly under the balance and MACD indicator lines, the Marlin Oscillator is going down in the negative area, the downward trend continues, the first target is 0.7343.