Forecast for AUD/USD on March 23, 2021


Closing the gap took place yesterday. On a daily scale, the growth continued to the balance indicator line, from which the price reversed this morning. The correction took place with the declining Marlin oscillator. Now the price can safely continue moving down. Target at 0.7615.


The price growth also continued to the balance line on the four-hour chart. After the price drops below the MACD line, under 0.7706, which also coincides with yesterday's low, the downward trend will consolidate.


The material has been provided by InstaForex Company -