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.


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...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter