The Australian dollar closed yesterday with a slight decrease, the upper shadow of the daily candle was tested by the nearest level of the 0.7291-0.7315 target range. This morning the price is trying to enter the target range. The Marlin Oscillator is rising, commodity markets are growing, the aussie has a chance to even go above the target range. Although, of course, such an exit without additional fundamental incentives may turn out to be false.
The price is in an upward position on a four-hour scale: the development is above both indicator lines, the Marlin Oscillator is growing in the positive area, and it is ready to visit the overbought zone. We are waiting for the price to reach the 0.7291-0.7315 range.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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