OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/USD momentum switched to negative

Increased downward momentum in the AUD/USD has brought the 4hr MACD to step in the red zone.

This technical condition would certainly not be of much help if the MACD hasn't been under zero for at least one week of trading. This reinforces the argument that room for further AUD/USD depreciation is there.

The signal may be either taken by trend-following traders as a trigger to liquidate long positions as by potential sellers to prepare their short commitments.

China Retail Sales (YoY) registered at 10.9% above expectations (10.8%) in August

China Retail Sales (YoY) registered at 10.9% above expectations (10.8%) in August
Read more Previous

China Gross Domestic Product (YoY): 6.9% (3Q) vs previous 7%

China Gross Domestic Product (YoY): 6.9% (3Q) vs previous 7%
Read more Next
Start livechat