The Australian dollar made short-term growth of a little more than 30 points but it returned to the balance line under the general pressure of the market on the daily chart, thereby keeping the downward trend.
The Marlin Oscillator is holding the descending zone below the zero line. The target of 0.6668 is maintained.
On the four-hour chart, yesterday’s growth was stopped by the balance line, that is, despite short-term price spikes, the situation remains completely under the control of the sellers. The . Marlin oscillator on the downside. Overcoming the price of the resistance of the MACD line at 0.6800 may be a sign of the uncontrollable desire of the players to test once again the resistance of the top trending lines in the area of 0.6822 (daily). In spite of that, the persistence of desire does not mean its successful realization.
Origin: InstaForex
