A run of AUD/NZD MACD higher highs and lows, could imply a shift in sentiment ahead.
In recent weeks, the pair has suffered declines, but in the short term at least, we could experience a move to bullish sentiment. This is highlighted by the MACD posting higher highs and lows on the 4-hour chart. At the same time, price action is posting lower lows, which should indicate that spot has bottomed out for the time being.
|1.0253366629282 ||1.0258333285649 ||1.0264766613642 ||1.0276166598002 ||1.0281133254369 ||1.0287566582361 |
|Trend Index||OB/OS Index|
| Bullish || Neutral |