Positive oscillator behavior in AUD/NZD

Increased upward momentum in the AUD/NZD pair in recent days has brought the MACD to hurdle above its median line.

The condition could be taken by sellers as a reason to jump out from short positions, as well as spur demand for the AUD/NZD among potential buyers.

Outlined on the daily perspective, the oscillator has not printed above zero at least for three weeks, a reason to pay attention to an otherwise less meaningful technical event.