The Australian dollar’s growth from yesterday amounted to 68 points. The price overcame the target range of 0.7415/30, but the next target (0.7500) did not work out. The Marlin Oscillator is starting to turn down, and while its readings are not enough to resolve the issue with the 1.7500 level, will the price reach it or not. Returning to the area below 0.7415 opens the 0.7315 target.
The technical situation is even more confusing on the four-hour chart. Price divergence begins to form with the Marlin Oscillator; it can persist even if the bullish target level is worked out. But there may be a price reversal with consolidation under 0.7415 from the current levels. We are waiting for the development of events.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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