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The Australian dollar found the resistance level of 0.6730 very strong - yesterday, a doji candle was formed, and in today's Asian session, it is gradually falling.
The signal line of the Marlin oscillator, according to our main scenario, turns down from the zero line. There is no rush to break through 0.6640, so we expect a breakthrough after the Federal Reserve announces its rate decision tomorrow. Yesterday, Fed Chairman Jerome Powell, speaking to the National Association for Business Economics, called the 0.50% increase quite realistic.
On the four-hour chart, the signal line of the Marlin oscillator has converged into a wedge-shaped structure; there is a high probability that it will go down. As a result, the price will aggressively attack the support level of 0.6640, near which the MACD line is also located and strengthen it.
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