On the daily chart, the dollar is slowly consolidating above the embedded line of the price channel, and the 137.35 target is just ahead - the next line of this channel. The Marlin Oscillator is currently declining and hindering the implementation of these plans, but if Marlin still forms a falling wedge (or any other potential bullish formation), then there is a good chance for it to break out.
A negative, and at the same time, an alternative scenario, suggests a breakthrough of support and a decrease to the lower line of the price channel, and the price may not reach it, since the MACD line is located above. Support around the 134.35 mark.
The price is completely in an upward trend on the H4 chart - it has settled above both indicator lines, the Marlin Oscillator is developing in the positive area. The critical moment for the bulls will be the price's departure under the MACD line (135.50).
