Main Quotes Calendar Forum
flag

FX.co ★ AUD/USD Forecast for April 7, 2025

parent
Forex Analysis:::2025-04-07T03:20:45

AUD/USD Forecast for April 7, 2025

AUD/USD

This morning, the Australian dollar reached the target support level at 0.5943. The day opened with a downward gap, which remains unfilled for now. The Marlin oscillator is beginning to reverse out of oversold territory.

AUD/USD Forecast for April 7, 2025

The strength of the 0.5943 and 0.6133 levels indicates that price will likely fluctuate freely within this range. However, even a breakout above 0.6133 will not guarantee a rise to 0.6273, as it will be hindered by the MACD line near the 0.6215 mark. A firm close below the lower boundary of the range will open a path to the long-term target at 0.5750.

AUD/USD Forecast for April 7, 2025

On the H4 chart, the price is approaching an intermediate level at 0.6045 — roughly the central axis of the fluctuation zone. A breakout above this level will open the way to 0.6133.

The Marlin oscillator is showing a confident reversal, encouraging the development of a correction.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...