OctaFX | OctaFX Forex Broker
Open trading account

AUD/NZD stages crushing decline

The 1-hour AUD/NZD MACD series is sitting at extreme lows.

Recent plummeting AUD/NZD price action has been highlighted by an above-average distance between MACD and its signal line. From a strategic standpoint, there could be further stomach-churning dips to endure, as well as brief relief rallies. The latest MACD print shows dissipation of downside momentum, thus reinforcing the second scenario.

GBP/USD ADX tied to an extreme

GBP/USD ADX tied to an extreme
Read more Next
Start livechat