AUD/USD has initially consolidated in the 0.7090-0.7130 range - the body of Thursday's daily candle is fully within this range. The signal line of the Marlin oscillator starts to turn down.
It is quite possible that the Australian dollar, which is leading gains this week, is tired of growth and turns down from the current levels. It is possible that the price will go above the reached range, but the Federal Reserve meeting will be held on Wednesday, and in case this meeting has a hawkish tone, the US dollar will attack on all the financial fronts, and the AUD/USD pair will not reach the target level. In fact, we will get a typical false breakout above the technical resistance.
On the four-hour chart, the price consolidates in the 0.7090-0.7130 range, the Marlin oscillator is in a position where it can be interpreted in two ways: the formation of a small divergence (possible decline, a small correction), the decrease in the signal line of the oscillator as a discharge of the oscillator before its further growth.
Further price growth as development of the current uptrend can happen once the price settles above 0.7130. The reversal may occur only when the price crosses the MACD indicator line (0.7063). This mark coincides with the local low of January 25 (gray oval).