FX.co ★ Forecast for AUD/USD on September 6, 2022

The Australian dollar shows growth both yesterday and this morning. Structurally, this growth is corrective, it can end at a strong level of coincidence of the target level of 0.6870 and the MACD line.

If the Marlin oscillator has an effective upper limit of the falling wedge, then the price may reverse downward from the current levels today.

The price approached the MACD indicator line on the four-hour chart.

It can provide a price reversal down in the near future. But the Marlin Oscillator is in the positive area and this is a sign of continued growth towards the target of 0.6870. We are following developments.