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AUD/USD
The AUD/USD pair has been declining for the fourth consecutive day. It is approaching support at the Kijun line around the 0.6565 level. The signal line of the Marlin oscillator is also nearing the neutral zero line – a support area. It's likely that a price correction will occur from the 0.6565 level, along with a rebound in the oscillator.
Then (on Wednesday or later), the price may consolidate with renewed momentum below the Kijun line and continue its downward path toward the target level of 0.6450. This is the main scenario. A shift to an alternative scenario of growth would only be possible after the pair overcomes the resistance level at 0.6668.
On the H4 (4-hour) chart, the Marlin oscillator has already indicated a corrective reversal upward. However, since Marlin is a leading indicator, the price may still reach 0.6565. If it doesn't, the price risks entering a short-term period of random movement, which would likely appear as a sideways correction.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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