AUD/USDOn the daily chart, the Marlin oscillator continues its prolonged movement along the neutral zero line. As the price breaks through new local resistance or support levels, it encounters new barriers. The next key level is now the upper boundary of the price channel near 0.6596.
A consolidation above this level would open the way to the target at 0.6650. The Marlin oscillator remains in the positive, rising zone, which suggests that the green line of the price channel is likely to be overcome—especially since the MACD line has already been breached.
On the four-hour chart, the Marlin oscillator is steadily rising in the positive zone. The price has consolidated above the MACD line, and now it just needs to move above the balance line.In external markets, oil and base metals are showing slow growth. While the support is limited, it still contributes to the upward momentum.
