Forecast for AUD/USD on October 7, 2021


Yesterday, the Australian dollar fell based on the day's results, very specific - its lower shadow reached the MACD line on the daily timescale and an upward reversal was formed. This morning, the price has already approached the level of Tuesday's opening.


This is a sign of further growth. The Marlin Oscillator is struggling with the Oscillator's zero line resistance. The growth target is the same - the range of savings in July-August 0.7340/90. When the price leaves the range, the nearest target will be the level of 0.7445 - the low on July 2.


The price is actively rising above the balance indicator line on the four-hour chart, Marlin has forcefully penetrated into positive territory. The trend is rising.

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