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21.03.202504:43 Forex Analysis & Reviews: AUD/USD Forecast for March 21, 2025

The Australian dollar experienced a notable decline of 58 pips yesterday, with the Marlin oscillator settling in bearish territory. However, this is not yet a signal for a developing downtrend. The lower shadow of the candlestick tested the support level at 0.6273, which marks the lower boundary of the free-range zone between 0.6273 and 0.6351.

Exchange Rates 21.03.2025 analysis

The upper boundary of this range may even be higher, currently defined by the low reached on August 5, 2024. If the price consolidates above this level for a third time, it would target 0.6482, indicating a potential return of the Marlin oscillator to positive territory. Additionally, the MACD line is showing an upward trend, which suggests a possible medium-term rise. A substantial move below 0.6273 would pave the way toward the MACD line at 0.6205.

Exchange Rates 21.03.2025 analysis

On the 4-hour chart, the price is currently squeezed between the support at 0.6273 and the MACD line. According to the main scenario, we anticipate that the price will consolidate above 0.6310, continuing its rise toward 0.6351.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2025
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