AUD/USD
For the third consecutive day, the Australian dollar has been testing the MACD line with the upper shadows of daily candles. The signal line of the Marlin oscillator is increasingly inclined towards a decline, moving away from the resistance level at 0.0059.
For a confident continuation of the downward move, the price needs to fall below the balance line; for now, it may be preparing a base for the Marlin oscillator also to enter negative territory.
On the four-hour chart, the signal line of the Marlin oscillator has turned downward from the zero line. The price is approaching the MACD line (0.6520), which coincides with the balance line on the daily scale. Securing the price below this level will confirm the intention to develop a downward move towards the first target at 0.6450.
