See also
11.03.2025 05:04 AMThe Australian dollar has moved through the entire consolidation range of 0.6273 to 0.6351. Consolidating below 0.6273 could potentially lead to a target of 0.6196 (the MACD line). However, given the weakening of the U.S. dollar, this scenario seems unlikely. The decline of the Australian dollar is mainly driven by falling commodity prices; however, if the U.S. dollar continues its sharp and prolonged decline, commodity prices alone may not be enough to pull commodity currencies.
The transition of the Marlin oscillator into the bearish zone suggests a range-bound movement centered around the zero line (illustrated by the gray rectangle). Therefore, under the primary scenario, the price is expected to rebound toward 0.6351.
Importantly, on the four-hour chart, the price has not yet consolidated below the lower boundary of the range. In this situation, Marlin's move into negative territory could be a false signal. A breakout above the MACD line at 0.6296 could push the oscillator into growth territory, paving the way toward the upper boundary of the range.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
