Sunday, April 9, 2023
The Australian dollar is steadily developing according to the main bearish scenario, exactly reaching the target level of 0.6670, but not with daily extremes, but with openings/closings.
Today, the opening price is below 0.6670, which indicates the price's intention to close the day (perhaps tomorrow, as the Marlin oscillator is still in positive territory and does not have enough potential for stronger support) at the support level of 0.6628. If the price falls below 0.6628 (the March 24 low), the next target will be 0.6567 (March 10 low).
On the four-hour chart, the price has already settled below 0.6670. The Marlin oscillator is moving sideways, creating a potential for a downward breakthrough.
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