AUD / USD pair
The fourth day of the Australian dollar is consolidating below the embedded line of the price channel on a daily scale chart. The Marlin oscillator signal line continues to move upward on the daily chart and it moves to further to the growth zone on the four-hour chart. Fixing the price above the May 27 maximum at 0.6940 may develop movement towards the MACD daily chart with a target of 0.7000. However, this scenario may not be fully fulfilled due to a sufficiently high goal against the background of the strengthening of the American dollar.
Leaving prices below the MACD line on a four-hour chart (0.6900) opens the way to a medium-term decline with the first goal of 0.6815,, which was the nested line of the downward daily price channel.
