Forecast for AUD/USD on October 27, 2021

The Australian dollar is growing and is ready to form a divergence reversal. The Australian dollar has grown by 9 points on Tuesday, this morning the price is adding 20 more. There is not much left to the target level of 0.7566, and the Marlin Oscillator is growing so slowly that it is ready to form a divergence with the price. If this happens, the price will not consolidate above the target level of 0.7566, then the price may fall down from it to the range of 0.7414/45 as a correction from the entire movement since September 30.

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On the four-hour chart, the price cannot break away from the MACD indicator line, which increases the likelihood of its fall. The Marlin Oscillator is also in no hurry to grow; a divergence with the price is being prepared. The coincidence of the time divergences will create a strong downward momentum.

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The material has been provided by InstaForex Company - www.instaforex.com

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