FX.co ★ Forecast for AUD/USD on April 26, 2022

Yesterday, the Australian dollar formed an intermediate level of 0.7136 on the way to the strategic target of 0.6950. The Marlin Oscillator has bent upwards on the daily chart, which provides a signal about the price's intention to develop a correction above the level of 0.7136. The correction resistance is the 0.7240 level.

The price is rising with the support of the Marlin Oscillator on the four-hour chart. The MACD line is aiming for resistance at 0.7240. After completing the correction, we are waiting for a new wave of decline for the Australian dollar.