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FX.co ★ Forecast for AUD/USD on April 12, 2022

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Forex Analysis:::2022-04-12T03:39:40

Forecast for AUD/USD on April 12, 2022

The Australian dollar is developing according to the main scenario without changes. Yesterday it hit the bearish target range at 0.7415/30, and in today's Asian session it continues to fall with the support of the declining Marlin Oscillator, which is already moving in the negative area - in the zone of a downward trend. The bears' target at 0.7315 is the level of coincidence of the green price channel line of the older (weekly) timeframe and the MACD indicator line.

Forecast for AUD/USD on April 12, 2022

On a four-hour scale, the signal line of the Marlin Oscillator attracts attention, which moves almost horizontally with a strongly declining price. This creates an opportunity to delay the time when Marlin is in the oversold zone. There is a high probability of overcoming the target support of 0.7315.

Forecast for AUD/USD on April 12, 2022

Analyst InstaForex
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