Yesterday the Australian dollar worked out the support of 0.6686 with the lower shadow of the daily candle, but the general market's stability in the process of waiting for the Federal Reserve's decision on monetary policy on Wednesday kept the price in the accumulation range of 1.6686-0.6755.
At the moment, the price is decreasing, as the market generally expects an increase in the rate by 0.75%. After the support at 0.6686 is overcome, the 0.6640 target will open, the 0.6565 target level is even lower. The Marlin Oscillator is going down in its own descending channel.
On the H4 chart, the price reflects down from the MACD line for the second time. This time the reversal is supported by the reversal of the Marlin Oscillator from the zero line. The downward movement is gaining momentum.
Relevance up to 04:00 2022-09-21 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
