Forecast for AUD/USD on March 15, 2021


Last Friday, the Australian dollar made the first attempt to move under the MACD indicator line on the daily chart. Moving to the area below this line, under 0.7748, will become the primary condition for it to move to 0.7615. The signal line of the Marlin oscillator has moved into negative territory.


The MACD line clarifies the signal on the four-hour chart: falling under the MACD line, below 0.7740, will lead to a shift in the Marlin oscillator to negative territory and this will be a direct signal to open short positions.


The material has been provided by InstaForex Company -