AUD / USD
As a result of yesterday, the Australian dollar has grown by just a few points, but it is catching up this morning, breaking the resistance of the Krusenstern trend line both on day and on the four-hour scale. A good impetus to this was given permission for new construction in Australia in June, 6.4% against expectations of 1.1% and -2.5% in May.
Further growth of the "Australian" is possible after crossing the price of the balance red line on a daily scale. The goal in this case is the upper limit of the price channel 0.7480. However, if the price increase is slow, the price will remain below the balance price even if it reaches its intended goal. The signal line of the Marlin oscillator shows an increase in the zone of positive numbers.
On the chart of H4, the price has no obstacles to growth. So, we expect the price to rise after overcoming the high of the day (0.7427), but the prospect of growth is about 50 points, which causes trading risk. For a confident rise, you need to wait for the price to be fixed above the channel boundary. For a confident medium-term decline, the price should be fixed below 0.7320, but in order to reach this level, you must first overcome the support of the indicator trend line (below 0.7395).
