FX.co ★ Forecast for AUD/USD on May 20, 2022

Yesterday's outstanding growth quote worked out the entire range of target levels of 0.6960-0.7056 with a puncture of the latter. At the moment, the price is moving down a bit. The Marlin Oscillator on a daily scale has not yet entered the positive area, a reversal with the price returning to the target range of 0.6030/60 may happen. There are no other signs of a reversal on the daily scale.

There is a reversal sign on the four-hour chart - price divergence with the Marlin Oscillator. The final choice of a downward medium-term decline will be its transition under the MACD line, which coincides with passing the target range of 0.6030/60.