The Australian dollar's fall from yesterday amounted to 2.27% (157 points). This happened amid a powerful flight from risk - the US stock index Nasdaq lost 5.16%. This morning, data came out on the deterioration of New Zealand's balance of payments for the 2nd quarter (-27.82 billion dollars y/y against -23.27 billion y/y in the previous period). On the other hand, a slight increase in inflation indices in the UK is expected today, and in the euro area, a drop in July industrial production by 1.0%. From the outside, the Australian currency still has no support.
The price went under the target level of 0.6755 on the daily chart, ahead of it is the target level of 0.6685, and below it is 0.6640. The signal line of the Marlin Oscillator has unfolded from the upper boundary of the falling channel, ahead of it there is enough distance to the lower boundary of the channel for the price to fall by another one and a half figures.
The price settled under the target level of 0.6755 on the four-hour chart. The decline occurs under both indicator lines. We are waiting for the development of a downward movement towards the designated goals.