OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/USD momentum shifts to upside

The daily AUD/USD MACD has moved above its median line, as a result of increased momentum in recent days.

The condition could be taken by trend-following traders as a reason to jump out from short positions, thus causing further upside pressure on this pair. Outlined on the daily perspective, the oscillator has not printed above zero at least for three weeks. This is a reason to pay attention to an otherwise less meaningful technical event.

New Zealand Electronic Card Retail Sales (MoM): 0.9% vs 0.5%

New Zealand Electronic Card Retail Sales (MoM): 0.9% vs 0.5%
Read more Previous

Greece Euro-zone creditors agree debt relief should be via capping debt servicing costs

Greece Euro-zone creditors have agreed debt relief should be via capping debt servicing costs, Reuters reports, citing Jeroen Dijsselbloem, President of the Eurogroup.
Read more Next
Start livechat