AUD/USD

Yesterday, the Australian dollar gained 57 points, but still 30 points less to the target level of 0.8010. The Marlin Oscillator is also starting to reverse, so it is unlikely that the indicated target will be reached. In case of confirmation of the reversal, we expect the price to decline in the 0.7765/83 range.

As for the H4 chart, the price formed a divergence with the oscillator, which is the primary hint that the target level of 0.8010 may not be reached. However, fixing a reversal is still far off. It will most likely happen once the price moves below the February 23 low of 0.7881, around which the MACD line will be met.