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AUD/USD
The Australian dollar failed to break through the support of the daily balance indicator line on September 25 and 26. It is possible that the strength of the "bulls" will now push the price above the already reached MACD line. However, the Marlin oscillator remains in negative territory. A decisive breakout may occur tomorrow. If successful (with consolidation above the MACD line), the target at 0.6668 will open.
On Tuesday, the Reserve Bank of Australia will announce its rate decision. The probability of holding the rate is estimated at 96.4%, but market participants expect a shift in the accompanying statement's tone toward hawkishness due to rising inflation. This gives AUD/USD growth potential.
On the four-hour chart, the Marlin oscillator has consolidated in the growth zone. The nearest target on the MACD line, at 0.6614, is open. For the advance toward 0.6668 to continue, the price must consolidate above this line.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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