The Australian dollar continues to systematically move down. Yesterday, the decline was 14 points and this was enough to make the price lower than the support of the MACD line on a daily scale.
The Marlin oscillator points to a downward trend. Now the path to the price channel line at 0.6745 is open.
On a four-hour chart, the price is kept from rising by the resistance of the MACD indicator line.
The price consolidated under the line of balance (red indicator), the Marlin oscillator is falling in the negative trend zone. The technical picture is completely lower.
Origin: InstaForex
