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12.04.2021 05:46 AM
Forecast for AUD/USD on April 12, 2021

AUD/USD

Last Friday, the Australian dollar reversed downward from strong technical resistance at 0.7665. The signal line of the Marlin oscillator turns into a new wave of decline without touching the border of the growth area. The nearest target is 0.7500.

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The price settled under the MACD indicator line on the four-hour chart, while Marlin is gaining an accelerated decline. We are waiting for the price at the designated target.

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Laurie Bailey,
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