While the Australian dollar was consolidating above the 0.6570 level and the 50% retracement level, the Marlin oscillator moved into positive territory.
Yesterday afternoon, the price settled above these levels, and now the 0.6640 target, which is close to the 61.8% retracement level and the MACD line, is open.
On the 4-hour chart, consolidation is in a bullish mood. The MACD line has turned upwards. The Marlin oscillator has eased, falling to the neutral zero line, and is now ready to turn upwards.
The material has been provided by InstaForex Company - www.instaforex.com #
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