FX.co ★ Forecast for AUD/USD on July 13, 2022

Over the past day, the Australian dollar has consolidated under the target level of 0.6755. The price is above this level at the moment, but the 0.6686 target is open. The next target may be the 0.6640 level.

The Marlin Oscillator is rising, but it is in declining territory. If the price can accumulate strength in a positive direction, then corrective growth may be towards 0.6830.

The price develops directly at the target level of 0.6755 on the H4 chart. The Marlin Oscillator is in negative territory. Generally, a downward trend, it remains only to wait for the price to settle under 0.6755. If the price does not consolidate, then it will continue to grow locally, then the first resistance for it will be the MACD line in the area of 0.6802, which may become an insurmountable obstacle on the way to 0.6830.

So, the Australian dollar's growth is at risk and uncertain in strength and timing.