Forex Analysis & Reviews: Forecast for AUD/USD on April 11, 2022

On Friday, the Australian dollar marked the lower shadow of the daily candle in the target range of 0.7415/30, then went back out of it. The signal line of the Marlin Oscillator has gone into the negative area, so we do not expect a strong correction from the range reached. Until the US dollar index strengthens again, the aussie is likely to move sideways. The price going under the lower border of the range opens a new target 0.7315 (high on January 13).

On the four-hour chart, the price is in no hurry to go into a correction. The Marlin Oscillator is also in no hurry to move either down or turn up. This circumstance confirms the aussie's reluctance to develop corrective growth.

Analysis are provided by InstaForex