Forecast for AUD/USD on April 10, 2020

AUD/USD
The Australian dollar rose by 109 points on Thursday, halting growth before the MACD line on the daily scale chart. The price could turn down from the current levels, maybe a little later, with preliminary testing of the embedded line of the price channel at the level of 0.6400.

The condition for a reversal is that the price goes under the price channel line at 0.6185, and the movement is aimed at the trend line of 0.5815.

The Marlin oscillator forms a downward turn on the four-hour chart. The signal level of 0.6185 of the higher timeframe coincides with the April 1 peak (tick) and with the support of the MACD line, where it can be in a day, that is, on Monday morning.

Analysis are provided by InstaForex