AUD/USD
Amid yesterday's moderate increase in risk appetite, coordinated by the strengthening of commodity currencies (oil rose by 0.63%), the Australian dollar rose by 31 points. The price has returned to the range of 0.6628-0.6730. Perhaps speculators have a plan to buy back the aussie after today's European GDP report. The plan, if it exists, is quite daring, as the Federal Reserve and the European Central Bank meetings will take place on Wednesday and Thursday.
Now we are seeing speculative actions, as yesterday's trading volumes were the highest in the last two weeks.
So, with breaking through the target level of 0.6670, the price may jump to 0.6730, while consolidating below 0.6628 will open a quick target of 0.6567. Below that is the target level of 0.6450. The Marlin oscillator is still in negative territory.
On the four-hour chart, the price has settled above the level of 0.6628, but shows the intention of returning below it, the Marlin oscillator is also thinking of returning to the negative area soon.
