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FX.co ★ Forecasts for AUD/USD on April 20, 2021

Forecasts for AUD/USD on April 20, 2021

AUD/USD

The Australian dollar, like the European currencies, strengthened its growth against the US dollar, breaking the target "bullish" level of 0.7767. The Marlin oscillator supports the current price growth. The nearest resistance of the AUD/USD pair is the MACD line (0.7805). Above it is a cluster of levels: 0.7821, 0.7850, 0.7881 (February 23 low). Marlin's potential shows a high probability of overcoming the MACD line and further growth to a certain level. And 0.7881, of course, is not the limit.

Forecasts for AUD/USD on April 20, 2021

There is a strong rally on the four-hour chart, which may be hindered by the formed divergence with the Marlin oscillator. We are waiting for the development of events.

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Forecasts for AUD/USD on April 20, 2021

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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