Forecast for AUD/USD on March 9, 2021
The Australian dollar was down 39 points yesterday, hitting Friday’s low this morning. The 0.7615 target level is about to be taken and the next bearish target (0.7565) will open, followed by 0.7500 – the December 2017 low.
The Marlin oscillator has turned down from the neutral line (0.00) on the four-hour chart, continues to decline, and has a lot of free space ahead. We are waiting for the aussie to fall further.
The material has been provided by InstaForex Company – www.instaforex.com