13.08.202405:24 Forex Analysis & Reviews: Forecast for AUD/USD on August 13, 2024

Relevance up to 22:00 UTC--4

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While the Australian dollar was consolidating above the 0.6570 level and the 50% retracement level, the Marlin oscillator moved into positive territory.

Yesterday afternoon, the price settled above these levels, and now the 0.6640 target, which is close to the 61.8% retracement level and the MACD line, is open.

On the 4-hour chart, consolidation is in a bullish mood. The MACD line has turned upwards. The Marlin oscillator has eased, falling to the neutral zero line, and is now ready to turn upwards.

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