FX.co ★ Forecast for AUD/USD on February 22, 2023

AUD/USD closed below the support level of 0.6873, which is what it has been unable to do since January 10. It continued to move down this morning.

It seems that the target is the nearest support line at 0.6730 as the Marlin oscillator keeps on sliding down. Arriving in the oversold zone is possible.

On the four-hour (H4) timeframe, the pair consolidated under the indicator lines and the resistance level of 0.6873. The Marlin oscillator is down, which suggests that the pair could reach the target level of 0.6730 soon.