On the wave of yesterday's general market strengthening of the US dollar, the aussie could not fight against the strong resistance of 0.7415/30. There was a rollback and this morning the rollback continues. It is planned to take the 0.7315 target (the January high), the Marlin Oscillator forms a standard reversal on the daily chart. Leaving under 0.7315 opens the target at 0.7227, where the fate of the medium-term trend will be decided. To restore growth, the price should settle above 0.7430.
On the four-hour chart, the signal line of the Marlin Oscillator came out of the consolidation to the downside. This is an early sign of a trend reversal or a deep correction. To confirm the signal, the price should settle under the MACD line near the target level of 0.7315.
So, in order to consolidate the medium-term downward trend, the price must do two important things step by step: first settle under the MACD line on H4, then under the MACD line on the daily.
