FX.co ★ Forecast for AUD/USD on August 2, 2023

AUD/USD

The pair, surpassing the support of the MACD line on the daily timeframe, opened the way towards the larget level of 0.6560.

A consolidation under this level will likely open the way to the second target and the embedded line of the price channel - 0.6388. The decline of the Marlin oscillator lowers the probability of a return above the MACD line.

On the four-hour chart, the pair consolidated below the signal level of 0.6625, which paves the way to the nearest support. However, a mild convergence also occurred, and this may delay the onset of sellers, possibly before the release of US employment data in the private sector.