The Australian dollar gained 2.19% yesterday. The Australian currency suddenly "remembered" that the Reserve Bank of Australia raised the rate on Tuesday. Nevertheless, the market worked out both this event and yesterday's weakening of the US dollar against the Federal Reserve's rate hike. The price has surpassed the bullish target level of 0.7230. A target range of 0.7306/44 is now open, taken along the MACD line on the daily scale and at the April 18 low.
On the H4 chart, the price has settled above the target level of 0.7230, Marlin is in a growing position. We are waiting for the price in the designated range of 0.7306/44.
