AUD/USD
Last Friday, the aussie gained 42 points and got stuck at the target level of 0.7767. But since the situation has changed, the level corrected to the January 21 high at 0.7783. The Marlin oscillator shows the intention to return below the zero line, into the downward trend area. Consolidating the signal line below this line will be a sign of a further decline to 0.7641 - to the December 17, 2020 high.
The price reversed from the MACD indicator line on the four-hour scale. At the same time, the Marlin oscillator reversed from the zero line, which increases the likelihood of further downward price movement.
Going above 0.7783 may extend the rise to 0.7821 - to the January 6 high, where the price will meet a strong resistance from the daily MACD line.
The situation is still developing according to the main scenario on the H4, that is, with the price settling below the MACD line, the price will try to surpass the record level of 1.4004 and move to 1.3900.
