FX.co ★ Forecast for AUD/USD on July 11, 2022

The Australian dollar went above the target level of 0.6830 on Friday and consolidated above it on a daily basis. But this morning the price returns to the area below this level, which indicates the falsity of the previous upward exit. And if now the price settles below the level, then we can expect the price to overcome the nearest support at 0.6755 and further advance to 0.6686.

The Marlin Oscillator is turning down in the downward trend zone on the daily chart. The downward movement is quite strong and stable.

The Marlin Oscillator returns from the positive area to the negative one on the four-hour chart. With the price moving below the MACD indicator line (0.6818), Marlin will be in the descending territory, which will strengthen the general bearish trend of the price. We are waiting for the AUD/USD pair at the indicated target levels of 0.6755 and 0.6686.