Yesterday, the Australian dollar formed an intermediate level of 0.7136 on the way to the strategic target of 0.6950. The Marlin Oscillator has bent upwards on the daily chart, which provides a signal about the price's intention to develop a correction above the level of 0.7136. The correction resistance is the 0.7240 level.
The price is rising with the support of the Marlin Oscillator on the four-hour chart. The MACD line is aiming for resistance at 0.7240. After completing the correction, we are waiting for a new wave of decline for the Australian dollar.
