Forecast for AUD/USD on October 21, 2021

AUD/USD

The Australian dollar did not linger and was tossed towards the 0.7566 target and is now close to it. Overcoming this level will open the second target at 0.7646, which is the June 3 low and is located near the weekly MACD line.

The price continues to steadily rise on the four-hour chart, the Marlin Oscillator is growing with difficulty. Perhaps, upon reaching the target level of 0.7566, a correction will take place to reset the voltage from the oscillator.

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

from RobotFX