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The Australian dollar has successfully completed a solid reversal after Friday's false breakout above the indicator line. Currently, the price has fallen below the 0.6273 support level.
The Marlin oscillator's signal line is rapidly moving toward the downtrend territory. This suggests a potential target for the price at 0.5943, with the 0.6133 level (January's low) serving as an intermediate support.
If the current candlestick closes below 0.6267, it will confirm the consolidation below the 0.6273 support level and the MACD line. The Marlin oscillator is delving deeper into bearish territory.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
