09.03.202205:49 Forex Analysis & Reviews: Forecast for AUD/USD on March 9, 2022

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AUD/USD fell under 0.7291-0.7315 on Tuesday. The Marlin oscillator turned down, but has not left the bullish trend yet. The pair is also above the red balance indicator line, which indicates the strength of 0.7227. Below it is the MACD line (0.7180), the breakdown of which will confirm the direction of the pair in the medium term.

The growth of commodity markets prevents AUD from dipping lower.

The pair is under the MACD and balance indicator lines in the four-hour chart. The Marlin oscillator is also in the negative area, which indicates that AUD/USD may attempt to overcome 0.7227.

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