FX.co ★ Forecast for AUD/USD on March 25, 2024

AUD/USD

Last Thursday, the price tested the resistance area of the target level of 0.6627 for the second time. At the moment, the price doesn't have enough strength to break through this mark for the third time.

This is shown by the Marlin oscillator on the daily timeframe, which has moved into the negative territory. In addition, the MACD line has turned downwards. Breaking through the support level of 0.6480 opens the target of 0.6410.

On the 4-hour chart, the price is falling below the balance and MACD indicator lines. The Marlin oscillator is trying to return to the growth territory. Perhaps the pair will start a corrective rise, limited by the MACD line (0.6578), but then we expect a new wave of decline with a break below 0.6480.