On Tuesday, the Australian dollar settled firmly in the target range of 0.6930/60, and this morning it is trying to get out of it. The weak price convergence with the Marlin Oscillator helps in this. Consolidating below the lower limit of the 0.6930 range will violate this plan and make the bears are active, who want not only to reach the lower limit of the price channel in the area of the target level of 0.6865 (May 2019 low), but also to get out of it.
The price is still depressed on the four-hour chart. The first sign of the price leaving this state into corrective growth will be Marlin's transition to the positive area. The price will exceed yesterday's high of 0.6987. Then the growth will continue to the MACD line, to the area of the 0.7030 mark, and if everything goes smoothly for the price, then to the target level of 0.7056.
