AUD/USD
On Tuesday, the Australian dollar reached the balance indicator line on the daily chart and edged back from it. Overcoming this resistance will signify a shift into an uptrend. Closing above the MACD line (0.6520) will confirm the start of an upward move in the medium-term.
The nearest targets are marked on the chart: 0.6576, 0.6612, 0.6693. The Marlin oscillator is rising in the positive territory with a noticeable lead over the price, which is also a significant factor in determining the pair's intention. An alternative scenario assumes that the price could fall and break below support at 0.6388, which will bring Marlin back into bearish territory. The target would then be 0.6295.
On the 4-hour chart, the price is trading above the balance and MACD indicator lines (indicating an uptrend), and the Marlin oscillator has been moving along the zero line for a while (since Monday), indicating a neutral trend. The market awaits impetus from today's FOMC meeting.
