FX.co ★ Forecast for AUD/USD on March 15, 2024

AUD/USD

Under pressure from external markets and related currencies, the Australian dollar did not even try to fight the resistances at the level of 0.6627 and the MACD line, which are quite strong, and so the currency fell by 39 pips.

In today's Pacific session, the pair continues to actively fall, with the leading Marlin oscillator barely keeping up with the price. The nearest target is 0.6480. Overcoming this level will allow the aussie to test support at 0.6410 (close to the MACD line on the weekly chart).

On the 4-hour chart, the situation is progressing in a standard and sequential manner: first, there was a reversal of the Marlin oscillator's signal line from the zero line, then the price settled below the level of 0.6627, after that it settled below the MACD line, and now it continues to move towards its chosen direction.