AUD/USD
The Australian dollar has settled below the balance and MACD indicator lines. This morning, it has comfortably moved within the range of 0.6410/80. The signal line of the Marlin oscillator has left the descending channel and is moving downwards. Now we just need to wait for the price to consolidate below 0.6410, so it has the chance to move towards the target level of 0.6273..
The only thing that could disrupt this plan is the price consolidating above the upper boundary of the range at 0.6480. On the 4-hour chart, a double convergence with the Marlin oscillator is forming. The price will have the chance to drop below 0.6410 tomorrow.
The only thing that could disrupt this plan is the price consolidating above the upper boundary of the range at 0.6480. On the 4-hour chart, a double convergence with the Marlin oscillator is forming. The price will have the chance to drop below 0.6410 tomorrow.
The material has been provided by InstaForex Company - www.instaforex.com #
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