2 Nov 2016
Upside vulnerability in AUD/NZD
From an hourly perspective, the AUD/NZD has reached its lowest momentum reading of the last 20 days of trading.
Moreover, the recent plummeting AUD/NZD price action has been highlighted by an above-average reading in the MACD histogram.
While these momentum extremes could migrate to higher time frames, the latest hourly MACD print shows dissipation of speed, thus communicating risks of a immediate upside vulnerability.
Moreover, the recent plummeting AUD/NZD price action has been highlighted by an above-average reading in the MACD histogram.
While these momentum extremes could migrate to higher time frames, the latest hourly MACD print shows dissipation of speed, thus communicating risks of a immediate upside vulnerability.