Despite increased volatility in the Forex market yesterday, the AUD/USD pair was unable to consolidate above the daily balance indicator line. It has remained below this line since February 28. Consequently, there has been a small consolidation above the MACD line, indicating a potential breakout.
The MACD line coincides with Friday's low of 0.6195, so if this low is broken, it will also signify a drop below the MACD line. This would set the nearest intermediate target at 0.6133, where the price could prepare for further movement toward 0.5943.
On the H4 chart, the signal line of the Marlin oscillator has turned downward from the boundary of the growth zone. The downward trend remains intact, and we anticipate its continuation. Additionally, the indicator lines are also pointed downward and are declining.
