Yesterday, the Australian dollar climbed above the resistance level of 0.6670 and above the balance indicator line on the daily chart. The Marlin oscillator has already penetrated into the growth territory. The price has a chance to try to overcome the next resistance level of 0.6730 and the MACD line.
If it manages to succeed, the price may continue to rise to the target level of 0.6810. If a reversal occurs from a strong resistance level at 0.6730, the downward movement will resume with 0.6670 and 0.6628 as targets. On the four-hour chart, the price gradually rose as it approached the MACD indicator line. The Marlin oscillator has approached the limit of the growth area.
The price has a chance to reach the level of 0.6730, after which the price will receive an additional bearish momentum, but the price can also linger and in the sideways (range), the lower limit of which is the level of 0.6628, and the upper boundary will be the MACD line on the daily chart.
The material has been provided by InstaForex Company – www.instaforex.com
AUD/USD
Yesterday, the Australian dollar climbed above the resistance level of 0.6670 and above the balance indicator line on the daily chart. The Marlin oscillator has already penetrated into the growth territory. The price has a chance to try to overcome the next resistance level of 0.6730 and the MACD line.
If it manages to succeed, the price may continue to rise to the target level of 0.6810. If a reversal occurs from a strong resistance level at 0.6730, the downward movement will resume with 0.6670 and 0.6628 as targets. On the four-hour chart, the price gradually rose as it approached the MACD indicator line. The Marlin oscillator has approached the limit of the growth area.
The price has a chance to reach the level of 0.6730, after which the price will receive an additional bearish momentum, but the price can also linger and in the sideways (range), the lower limit of which is the level of 0.6628, and the upper boundary will be the MACD line on the daily chart.
The material has been provided by InstaForex Company – www.instaforex.com
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