FX.co ★ Forecast for AUD/USD on June 1, 2022

Yesterday, the Australian dollar fell by 25 points, and in today's Asian session it is trying to neutralize all of yesterday's growth. The MACD line (0.7212) together with the balance line (red indicator) resists such intention. The Marlin Oscillator is still on the side of the price, as it is growing in the positive area, therefore, if the price goes above 1.7212, it is likely that it will continue to rise to the target level of 0.7285 (high on February 23).

The price is in a growing position on the four-hour chart - the development occurs above both indicator lines. The Marlin Oscillator did not cross the border of the bears' territory yesterday, turning slightly away from it. The price is consolidating in the Monday-Tuesday range, so the signal for the development of a downward movement will be the price's departure under the target level of 0.7136.