Bearish Signals for AUD/NZD
The AUDNZD currency pair has broken below a support zone and is currently experiencing a pullback. Technical indicators like the RSI and MACD have issued bearish signals, confirming the possibility of a further descent. This presents an opportunity for sellers to enter the market and profit from a potential decline in the pair’s value.
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
AUDNZD is the currency pair that represents the Australian dollar versus the New Zealand dollar. Recently, the price line of this pair has broken below a support zone and is currently undergoing a pullback. This break below the support zone indicates a possible bearish trend in the coming days. Furthermore, technical indicators such as the RSI and MACD have issued bearish signals, confirming the possibility of a further descent. This could be an opportunity for sellers to enter the market and potentially profit from a further decline in the pair’s value. It’s important to keep an eye on the market developments and upcoming news events that could impact the AUDNZD exchange rate.
• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore Ltd”. This post has been published only for educational purposes.