FX.co ★ Forecast for AUD/USD on April 22, 2022

The Aussie was down 71 points yesterday, almost back to Wednesday's opening (this morning the price is already in Tuesday's figure). The price returned under the balance indicator line. At the moment the price is close to the target support at 0.7343, reinforced by the MACD line. A price drop below this line will set a momentum for a further medium-term decline. The Marlin Oscillator, which is now falling in the zone of a downward trend, will help in this. The first target is 0.7225.

The price settled below the balance and MACD indicator lines on the four-hour chart, Marlin is also in the negative area. We are waiting for the price to gather strength and overcome the indicated support at 0.7343.