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
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.
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
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...