The Australian dollar rose by 109 points on Thursday, halting growth before the MACD line on the daily scale chart. The price could turn down from the current levels, maybe a little later, with preliminary testing of the embedded line of the price channel at the level of 0.6400.
The condition for a reversal is that the price goes under the price channel line at 0.6185, and the movement is aimed at the trend line of 0.5815.
The Marlin oscillator forms a downward turn on the four-hour chart. The signal level of 0.6185 of the higher timeframe coincides with the April 1 peak (tick) and with the support of the MACD line, where it can be in a day, that is, on Monday morning.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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