Tuesday, August 1, 2023
AUD/USD
The pair, surpassing the support of the MACD line on the daily timeframe, opened the way towards the larget level of 0.6560.
A consolidation under this level will likely open the way to the second target and the embedded line of the price channel - 0.6388. The decline of the Marlin oscillator lowers the probability of a return above the MACD line.
On the four-hour chart, the pair consolidated below the signal level of 0.6625, which paves the way to the nearest support. However, a mild convergence also occurred, and this may delay the onset of sellers, possibly before the release of US employment data in the private sector.
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