FX.co ★ Forecast for AUD/USD on August 18, 2021

AUD/USD

On Tuesday, the US dollar index rose 0.57% and the Australian dollar went to a peak of 82 points. The price has reached the lower border of the price channel, the target level of 0.7244, and is now gathering strength to overcome it and further decline to 0.7124. A sign of the price's intention to continue falling is the exit of the Marlin oscillator from its own channel to the downside.

On the four-hour chart, the price is consolidating above the reached target level, the Marlin Oscillator is growing with the aim of discharging and the subsequent possibility of continuing to fall into the oversold zone.