AUD/USD

The Australian dollar is approaching the MACD line for the second time on the daily chart. Line resistance is strengthened by the 0.7820 price level, which held the price back in January and April. But this time the price can overcome such strong resistance. A clue to such a scenario is the uniform growth of the Marlin oscillator in its own rising channel. After (in case) the price rises above 0.7820, the nearest target will be 0.7850, and the next one is 0.7880. It is possible for it to grow higher (to the levels of 0.7938, range 0.8020/60), but it is too early to talk about it.

The price has settled above the MACD line on the four-hour chart, the Marlin oscillator is growing in the zone of positive values. Overcoming the 0.7820 level opens the 0.7850 target.