AUD/USD
The Australian dollar is moving sideways at a target level of 0.6975 since Friday last week as well this morning. The sideways movement increased the technical divergence on the Marlin oscillator. We are waiting for the movement to the first support of 0.6830.
The Marlin divergence has also developed on the four-hour chart, the signal line of the oscillator is attacking the border of the downward trend territory. If the price consolidates below 0.6830, the price will also go under the MACD indicator line, respectively, the fall will likely continue towards the lower target of 0.6680.
