FX.co ★ Forecast for AUD/USD on November 10, 2023

AUD/USD

Yesterday, the Australian dollar managed to consolidate below the MACD indicator line. The Marlin oscillator also settled below the boundary of the downtrend territory. Today, it opened the day below the balance indicator line.

Now all efforts will be directed towards reaching the target level of 0.6295. To break such a strong bearish potential, the price must settle above the MACD line, above the level of 0.6402.

On the 4-hour chart, the price has settled below the level of 0.6388. The Marlin oscillator is moving in the bearish territory, leaning towards a decline in both the oscillator and the currency pair.