AUD/USD
Yesterday, the Australian dollar sharply grew while the greenback showed weakness. The price surpassed the resistance of the balance indicator line, and this morning, it approached the resistance of the MACD line (1.6600). The resistance of the 0.6627 target level can be found slightly above this mark.
In order to overcome such resistance levels, the aussie will need strong impetus, such as US employment data, which will be released tomorrow. Depending on the data, or rather, the market's reaction to it, the price will either surpass 0.6627 and head towards the target level of 0.6693, or head back to 0.6480, and then try to reach 0.6410. The Marlin oscillator has entered the positive territory, increasing the probability of a bullish scenario.
On the 4-hour chart, the price has consolidated and is rising above both indicator lines. Marlin, sensing the proximity of resistance, has slowed down its growth. The uncertain situation will be resolved by tomorrow's release of US data.
