AUD/NZD 4H Chart: Bullish signals

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The AUD/NZD exchange rate has been guided by two opposing channels. The dominant pattern was formed in October 2017. The medium-term ascending channel has bounced the pair within the bounds of this aforementioned dominant channel. 

The most recent up-wave started mid-June when the Australian Dollar reversed from the 1.0682 mark. The pair tested the upper boundary of the junior pattern on June 3 and made a pullback.

Technical indicators flash bullish signals in the short term. This could suggest that the rate is likely to continue moving in the uptrend channel during the following trading sessions.  

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.