The AUD/NZD currency pair is showing pps and macd bear signal as the Australian dollar declines for the third day in a row.
AUD/NZD has traversed -0.9% so far in the U.S. market day.
The psar remains in bull mode, and the sto has moved into oversold territory. The adx is at 26, indicating a middlin' sort of trend.
The decline puts the pair at the 20-day moving average, slightly below a reversal point of A$1.2927 set on Feb. 25, and at the level of major tops made in April 2009, March 2009 and July 2008.
Near term, the next lower reversal points are A$1.2873 of Feb. 19 and A$1.2762 of Jan. 27.
Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic
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