Forecast for AUD/USD on October 7, 2021

AUD/USD

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.

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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.

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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.

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

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