AUD/NZD - After trading sideways for a few weeks there are signs the pair could revert its downtrend and test the recent lows of 1.0734
Chris Weston
Pepperstone
AUD/NZD - After trading sideways for a few weeks there are signs the pair could revert its downtrend and test the recent lows of 1.0734. All short to medium-term moving averages are headed lower, while the MACD on the daily is flattening out and we could see the MACD fall below the signal line. This would generate a sell signal for me and while this indicator has a history of false signals, in such a strong downtrend the reliability here increases.
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Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market price action and advise on actionable trade ideas and investments in multiple asset classes.
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
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