The Australian dollar is leading gains in the currency market. On Friday, it rose by 59 pips and this morning it has already gained 25 pips. A divergence is about to be broken on the daily chart.
Visually, the price will overcome the divergence with growth above 0.7000. There is a 70% probability of success, but there is still a 30% probability of price reversal from the current levels. The growth target is the 0.7090-0.7130 range, a strong reversal and consolidation range from 2021.
On the four-hour chart, the price is above the balance and MACD line, the Marlin oscillator is in the positive area. Cautiously expect growth to the specified target range.
