Forecast for AUD/USD on November 15, 2021

The Australian dollar gained 35 points last Friday, blocking the previous Thursday's decline with a daily candle. Simultaneously with this growing signal, the price went above the MACD indicator line. The Marlin Oscillator is turning up. Consolidating above the MACD line, that is, above the close of Friday, sequentially opens the targets: 0.7414, 0.7566 (low on March 25 and February 2, 2021).


On the four-hour scale, the price convergence with the Marlin Oscillator is fully formed. A breakthrough above the level of 0.7361 (November 5 low), above the MACD indicator line, will confirm the price growth that has begun towards the designated targets.


The material has been provided by InstaForex Company -

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