Last Friday, the Australian dollar fell by more than 90 points with the development of the target level of 0.7007. The Marlin Oscillator is accelerating downward, which most likely makes the nearest target level (0.6950) attainable. Overcoming this level opens the second one - 0.6870.
On the four-hour scale, there is a rebound from the reached level, the Marlin Oscillator is heading up in the downward trend area. The price development in the 0.7007/65 range is a free walk.
The material has been provided by InstaForex Company - www.instaforex.com