AUD/USD
On the daily chart, AUD/USD approached the upper band of the local price channel and settled above the target level of 0.6815. If the price does not return below 0.6815 in the near future, the uptrend is expected to last for several more weeks.
If the price quickly breaks above the price channel, this will immediately confirm the uptrend. If the price gradually rises, consolidating before the upper band of the channel, it is still a sign of a bullish breakout, but it may occur a few days later. The absence of a formed divergence with the Marlin oscillator is currently the main sign that the bullish momentum and the price's decline from the current levels have not weakened. However, since the divergence has not yet formed, the uptrend still has the advantage.
On the 4-hour chart, the upward movement above the indicator lines is steady, but the trend slope is gradual, creating the risk of a sudden trend reversal. The Marlin oscillator warns of this, as it has been declining against the rising price for quite some time. In the past week, Marlin has been moving horizontally, and the only attribute indicating growth is its consolidation in the positive territory.
