The Australian dollar has managed to break through strong resistance levels represented by the MACD line and the price channel line. The Marlin oscillator has secured itself in positive territory, opening the way for a potential rise toward the target level of 0.6755, which coincides with the next embedded line of the price channel.
A reversal into a correction is likely to occur from the intermediate level of 0.6650. If the price falls below the MACD line (0.6555), this would signal the end of the medium-term uptrend.
