AUD/USD
Yesterday, the Australian dollar broke through the support level of 0.6627. At the day's low, the signal line of the Marlin oscillator hit the boundary of the downtrend territory. If it falls further, this would mark the start of a decline in the medium-term.
Next, the price will need to break below the support of the MACD line (0.6555) to confirm this trend. But for now, as long as the price consolidates below the level of 0.6627, it will gather strength for a new bearish momentum.
On the 4-hour chart, the price has settled below 0.6627 and below the balance line. In addition, the signal line of the oscillator has also settled in negative territory. If the pair corrects higher, the MACD line could stop it around the 0.6655 mark.
