AUD/NZD Technical analysis

FX:AUDNZD   Australian Dollar / New Zealand Dollar
The steep rally in AUD/NZD is losing its steam.
It is marked by the formation of rising wedge pattern in the hourly chart.
As expected, it vented a bearish breakout.
Also, the MACD indicators has turned bearish and posits a incrementing bearish momentum.
Hence, we have a bearish view of the counter for the short-term.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.