AUD/USD
The Australian dollar continues to reverse from they May 20 peak, realizing the technical potential of the double divergence on the Marlin oscillator on the daily chart. The closest support is the embedded price channel line at 0.6482. Overcoming the level opens the possibility of a decline to the next line to the area of 0.6335. The MACD line is located just below this mark - the area of the second target acts as strong support.
The price overcomes the support of the MACD line on the four-hour chart, the Marlin oscillator is falling in the negative area. We look forward to continued price reductions, but the main development may be tomorrow, since it is a public holiday today in the US and Great Britain.
