FX.co ★ Forecast for AUD/USD on July 26, 2022

The Australian dollar managed to overcome the strong resistance of the MACD indicator line of the daily scale and the target level of 0.6950 on the third attempt. The first attempt was last Friday.

The Marlin Oscillator is growing in the upward trend zone, the 0.7037 target has become tangible. After reaching the target level of 0.7037, the market may reverse like the situation on June 3 (red arrow).

The price has consolidated above the target level of 0.6950 on the four-hour chart, the Marlin Oscillator is developing in the positive area - in the growing trend zone. For now, we are waiting for the price to rise to 0.7037, and then we will look for signs of variable events.