This morning, the Australian dollar managed to penetrate the system of protection against the values of the channel with a growing oscillator. The signal line of the indicator develops in the growing channel itself, and the growth trend is a minimum of 0.6964 on May 6 and June 6. After consolidation above the level, it is possible to continue growth to the level of 0.7000.
In the four-hour chart, the situation is also growing – the price is above the indicator lines, the Marlin oscillator is growing in the zone of a positive trend.
The material has been provided by InstaForex Company – www.instaforex.com