On the daily chart, the Marlin oscillator is declining sharply and has already entered negative territory. This indicates a potential medium-term decline or a deep correction.
The Australian dollar experienced a substantial drop of 39 pips yesterday, bringing the nearest target at 0.6273 within reach. If the price breaks below this level, the next target will be the MACD line at 0.6208, followed by 0.6133.
On the four-hour chart, the decline is continuing as anticipated. The MACD line, which indicates the short-term trend, is also turning downward. We expect the price to reach the support level at 0.6273.
