On Friday, the 12th of April, the Australian dollar's growth accelerated ahead of the market, and this morning it also increased and was quicker than the market. On the H4 chart, the price breaks below the MACD line and the signal line of the marlin oscillator moved to the negative zone. The determination of the "aussie" to overcome the support of the MACD line of the daily chart (0.7110) is clearly present.
Consolidating below 0.7110 automatically enters the price into the accumulation range of 0.7060-0.7100. If by this time the daily scale marlin oscillator goes into the decline zone, then the price will finally come out of this accumulation range and the price will rush to support the embedded line of the price channel in the area of 0.7015.
The material has been provided by InstaForex Company - www.instaforex.com