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.
|1.0296134948730 ||1.0298367738723 ||1.0301634073257 ||1.0307133197784 ||1.0309365987777 ||1.0312632322311 |
|Trend Index||OB/OS Index|
| Bullish || Overbought |