Yesterday, the Australian dollar traded in a small range, not daring to go above the resistance of the target level of 0.7171. The Marlin Oscillator is in the negative zone, the current price is significantly below the MACD indicator line (0.7245). The current situation is downward. To break it, the price should go above the MACD line. Price drop under yesterday's low (0.7123) may develop further decline to target levels of 0.7065 and further to 0.7007.
On the four-hour chart, Marlin is already moving into the positive area, ahead of the resistance price of the target level of 0.7171 and the MACD line (0.7187). The price will choose a direction after today's Federal Reserve meeting.
