AUD/USD

Yesterday, the Australian dollar pierced the MACD line with a lower shadow and nearly tested the support level at 0.6446. This morning's price movement above the MACD line offers only modest encouragement to the bulls, as the Marlin oscillator remains below the zero neutral line.

However, there is no sign of intensified selling, and the trend continues to lean toward maintaining the primary bullish scenario. A breakout above the nearest embedded price channel line at 0.6552 would open the way for further growth toward the target level of 0.6650.

On the four-hour chart, the Marlin oscillator remains in negative territory, and the price is still moving below the balance indicator line (red moving average). Additionally, the MACD line at 0.6522 stands in the way of reaching 0.6552. This suggests that the price may not be able to establish an upward trend for a few more days. A breakout above the nearest high at 0.6497 would slightly ease the situation for the bulls.