AUD/NZD 4H Chart: Remains near 1.0844 - Trade Pattern Ideas - Dukascopy Bank
Wed, 17 Oct 2018 06:55:28 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD (12; 26; 9)
Sell
Sell
Buy
RSI (14)
Buy
Neutral
Neutral
Stochastic (5; 3)
Neutral
Buy
Neutral
Alligator (13; 8; 5)
Sell
Sell
Buy
SAR (0.02; 0.2)
Sell
Sell
Buy
Aggregate
⇒
⇒
⇒
The bearish sentiment which began mid-August has guided the AUD/NZD currency pair lower. This downside momentum marks a 3.20% decrease in price during this long period of time.
The exchange rate was trading near the lower boundary of a triangle-like formation at 1.0830 during the morning hours of Wednesday 's session. Furthermore, technical sentiment indicates that the Australian Dollar is located in the oversold zone.
Everything being equal, it is likely that the currency exchange rate makes a brief retracement north toward the weekly pivot point at 1.0892 during the following trading sessions.
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