27 Oct 2016
AUD/NZD MACD fails to challenge recent highs
AUD/NZD could be facing downside pressure as its MACD failed to test recent highs.
A bearish divergence between AUD/NZD spot behavior and the MACD over the last few weeks suggests downside vulnerability ahead. Further, the MACD line crossed below its signal line on a 4-hour closing basis, an event that can be interpreted as a bearish omen.
A bearish divergence between AUD/NZD spot behavior and the MACD over the last few weeks suggests downside vulnerability ahead. Further, the MACD line crossed below its signal line on a 4-hour closing basis, an event that can be interpreted as a bearish omen.