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AUD/NZD momentum is supportive for attempt higher

By : Mex Group

AUD/NZD momentum is supportive for attempt higher

19 September 2016, 05:02

On the 4hr AUD/NZD chart, the MACD has moved above zero making the near-term structure supportive for an attempt higher.

Such a momentum indication, unseen for at least for 30 periods, indicates that key price breaks are on the horizon. There is a real threat of AUD/NZD rate moving now considerably higher as buyers may get aggressive in the short term.

AUD/NZD 0001-01-01T00:00:00
0/0 (0%)
H0 L0

S3S2S1R1R2R3
1.0296134948730 1.0298367738723 1.0301634073257 1.0307133197784 1.0309365987777 1.0312632322311

Trend IndexOB/OS Index
Bullish Overbought