So you guessed it from the title, Do you think that this decade-long downtrend is reaching exhaustion level? AUDNZD is in a downtrend since March 2011.
All signs so far indicating a yes, As NZD is getting weaker while AUD is slowly gaining strength.
On stochastic RSI: D & K values on the weekly chart are in a complete flat mode = 0 , This rarely happens on a weekly chart. Plus, golden and death crosses has been consequtively printed on the daily chart, indicating indecision for the first time since 10 years.
What do you think, is it gonna continue falling or there are some hope on the horizon for the Australian dollar?
All signs so far indicating a yes, As NZD is getting weaker while AUD is slowly gaining strength.
On stochastic RSI: D & K values on the weekly chart are in a complete flat mode = 0 , This rarely happens on a weekly chart. Plus, golden and death crosses has been consequtively printed on the daily chart, indicating indecision for the first time since 10 years.
What do you think, is it gonna continue falling or there are some hope on the horizon for the Australian dollar?