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04.06.2025 05:21 AMThe Australian dollar's move toward the price channel line at 0.6548 was delayed yesterday due to a "glitch" in the US dollar's downtrend (the index strengthened by 0.53%), but overall, the trend was not disrupted—all technical supports for the Aussie remained intact.
On the daily chart, the price turned upward without testing the support at 0.6444. The Marlin oscillator continues to bounce off the neutral zero line without breaking below it.
The target at 0.6548 remains open. A breakout above this level will extend the growth toward the target level of 0.6650.
On the four-hour chart, the price reversed upward without touching the MACD line. The Marlin oscillator's rebound from the zero line was sufficient, mainly since this reversal coincided with the reversal on the daily timeframe.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
