Yesterday, the Australian dollar gained 45 points, breaking out above the resistance of the balance and MACD indicator lines on the daily chart. For the complete upward trend, the Marlin Oscillator needs to move into the zone of positive values. This moment seems to be near. Further, the price will have to fight for an exit above the resistance of the recently formed 0.7340/90 range, after which it will be possible to mark the target level of 0.7445 (July 2 low).
The price is struggling with the MACD line on the four-hour scale. A breakthrough above it, which coincides with yesterday's high, will mean that the price is ready to fight the 0.7340/90 range.
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