The Australian dollar has successfully completed a solid reversal after Friday's false breakout above the indicator line. Currently, the price has fallen below the 0.6273 support level.
The Marlin oscillator's signal line is rapidly moving toward the downtrend territory. This suggests a potential target for the price at 0.5943, with the 0.6133 level (January's low) serving as an intermediate support.
If the current candlestick closes below 0.6267, it will confirm the consolidation below the 0.6273 support level and the MACD line. The Marlin oscillator is delving deeper into bearish territory.
The material has been provided by InstaForex Company - www.instaforex.comRobotFX
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