AUD/USD
Yesterday, the Australian dollar made an intensive attempt to overcome the MACD line on a four-hour scale. The attempt turned out to be successful, but the formal consolidation of the price over this line has not happened so far, which was prevented by the collapse of the New Zealand dollar by 78 points after lowering the RBNZ rate from 1.75% to 1.50% this morning.
On the four-hour chart, we also see a reversal of the signal line of the marlin oscillator up from the border with the territory of a downward trend.
A price convergence with an oscillator has formed on the daily chart. There is a slight contradiction between technical and fundamental factors. But only for the moment. Perhaps today, on weak German industrial production data (the forecast for March is -0.5%), the euro will start to fall, the US dollar will increase on all fronts, and the "aussie" will return to a declining technical picture. For the complete formation of such a picture, the price needs to go below the low of April 25 (0.6989) than automatically even convergence on the daily chart will be broken.
