Momentum in the AUD/NZD reached a new extreme, areas of

The daily chart of the AUD/NZD shows that the MACD oscillator has reached its lowest level in a year.

Also bearish, the MACD histogram is presented, as this is the lowest level in 6 months.

Although still in a downward trend, so it can now come to the beginning of a reversal formation. The slight increase of the oscillator’s value on a daily perspective will lead to the seller of their projections lower.

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