FX.co ★ Forecast for AUD/USD on May 30, 2022

The Aussie started the day strong, climbing higher above the target level of 0.7136, which was broken on Friday by a 60-point candle. The Marlin Oscillator is growing, it is still far from the overbought zone. The nearest resistance for 0.7215 is the MACD indicator line. Exit above it opens the 0.7285 target – the high on February 23.

On the four-hour chart, the price is accelerating away from the balance and MACD indicator lines, the Marlin Oscillator is also strengthening its growth. The upward trend is strong. With a high probability, the daily MACD line will be overcome.