The pair, surpassing the support of the MACD line on the daily timeframe, opened the way towards the larget level of 0.6560.
A consolidation under this level will likely open the way to the second target and the embedded line of the price channel – 0.6388. The decline of the Marlin oscillator lowers the probability of a return above the MACD line.
On the four-hour chart, the pair consolidated below the signal level of 0.6625, which paves the way to the nearest support. However, a mild convergence also occurred, and this may delay the onset of sellers, possibly before the release of US employment data in the private sector.
The material has been provided by InstaForex Company – www.instaforex.com
AUD/USD
The pair, surpassing the support of the MACD line on the daily timeframe, opened the way towards the larget level of 0.6560.
A consolidation under this level will likely open the way to the second target and the embedded line of the price channel – 0.6388. The decline of the Marlin oscillator lowers the probability of a return above the MACD line.
On the four-hour chart, the pair consolidated below the signal level of 0.6625, which paves the way to the nearest support. However, a mild convergence also occurred, and this may delay the onset of sellers, possibly before the release of US employment data in the private sector.
The material has been provided by InstaForex Company – www.instaforex.com
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