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AUDNZD looks neutral-to-bearish in short-term; long uptrend in focus
AUDNZD erased part of the August rebound after hitting a 10-month high of 1.0837, with the momentum indicators pointing now to a neutral-to-bearish short-term tendency. Τhe MACD keeps losing ground under its red signal line and the RSI has dropped marginally under its 50 neutral threshold and is flattening. The bigger picture, on the other hand, provides some positive trend signals for thought, as the pair is pushing efforts to escape the downward pattern it started two years ago, printing higher highs above 1.0668 and higher lows above 1.0120. A successful move under 1.0665 could meet the 38.2% Fibonacci of ... (full story)