The daily candle of the Australian dollar settled at the level of 0.7227 on Monday, which, with the formed divergence of the price with the oscillator, creates the probability of a decline to the lower boundary of the local price ascending channel in the area of the level of 0.7171. The exit above the nearest resistance of 0.7227 (the December 16 high) will return the mood for the price to rise to the MACD line in the area of 0.7261. Overcoming the level will open the way for further growth to the upper limit of the price channel near the 0.7385 level. The signal line of the Marlin Oscillator lies in the horizon, which may mean a weakening of bearish pressure.
The price is trying to overcome the resistance of the MACD line and the actual level of 0.7227 on the four-hour scale chart. Marlin is still in the negative area, but is already in a hurry to get out of it. Consolidating above the level will allow the price to carry out an attack on 0.7261 – on the daily-scale MACD line.
