AUD / USD pair
Last Friday, the Australian dollar tried to go below the balance line (red indicator), but it is slightly correcting upwards from this line this morning. Apparently, the market does not yet have the strength to continue the strong downward movement set in the second half of last week. Hence, the signal line of the Marlin Oscillator had turned around for a little from the border with the territory of the "bears".
On a four-hour chart, the Marlin oscillator managed to form convergence and supports the price intention to take a break before moving on to support the price channel 0.6672 that is visible on the daily TF. Consolidation is possible in the range of 0.6759-0.6809.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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