Forecast for AUD/USD on March 19, 2021


On the daily chart, the price reached the target level of 0.7839, with an upper shadow of yesterday's candlestick. It turned from it immediately and consolidated below the MACD indicator line this morning. At the same time, the Marlin oscillator went towards the negative area, which indicates that the downward trend is strengthening. The following targets are now consistently placed in front of the price: 0.7615, 0.7565, 0.7500, 0.7375.


The price on the H4 chart is already below the balance indicator line. Now, it is necessary for it to consolidate below the MACD line (0.7707) to completely confirm the downward trend. Meanwhile, the Marlin oscillator is in the predominance zone of the bears.


The material has been provided by InstaForex Company -