FX.co ★ Forecast for AUD/USD on July 25, 2022

Friday's day ended with the fact that the price reached the MACD indicator line and the balance line (red) with the upper shadow of the daily candle and closed the day below the target level of 0.6950.

Monday begins with the resumption of decline on the way to the nearest target level of 0.6830. To strengthen the downward trend, the Marlin Oscillator needs to move into the negative area.

The Marlin Oscillator is already in bearish territory on the H4 chart. Now it's up to the price - it needs to overcome the support of the MACD line (0.6860), then the support level of 0.6830. After that, the prospect of a medium-term downward movement to the targets of 0.6755, 0.6685, 0.6640 will open.