FX.co ★ Forecasts for AUD/USD on April 30, 2021

AUD/USD

Yesterday's attempt to rise above a strong resistance at 0.7820 was resolutely suppressed. Returning to support at 0.7767 occurred above the daily averages. The signal line of the Marlin oscillator went down from its own channel on the daily chart. This is probably a reversal, and the first target is 0.7641 - the high on December 17, 2020.

The price was already moving under the MACD line yesterday, the strong price level at 0.7767 prevented it from settling below the line. Perhaps the second attempt to go under this area will be successful. The Marlin oscillator is going to go under the border of the bears' territory with renewed vigor. The probability of a downward movement is 60%.