20.06.2025 07:16 AMAUD/USD
Yesterday, the Australian dollar pierced the MACD line with a lower shadow and nearly tested the support level at 0.6446. This morning's price movement above the MACD line offers only modest encouragement to the bulls, as the Marlin oscillator remains below the zero neutral line.
On the four-hour chart, the Marlin oscillator remains in negative territory, and the price is still moving below the balance indicator line (red moving average). Additionally, the MACD line at 0.6522 stands in the way of reaching 0.6552. This suggests that the price may not be able to establish an upward trend for a few more days. A breakout above the nearest high at 0.6497 would slightly ease the situation for the bulls.
