The aussie is moving towards its first target of 0.7641, identified at the 17 December 2020 high. After consolidating below the level, the price will continue to move towards the second target of 0.7565 - the low on February 2, 2021. The price is below the indicator lines, the Marlin oscillator goes deep into the bearish territory.
Corrective signs are outlined on the four-hour chart: the Marlin oscillator has turned upward and creates the appearance of an intention to enter the upper half of growth.
The decline will probably not continue until the event from the US central bank. We are waiting for the development of events, the signal for the continuation of the decline will be when the price crosses the area under yesterday's low of 0.7675.
*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.