AUD/NZD Watch

The Australian/New Zealand dollar forex currency pair (AUD/NZD) is showing a psar bull signal on a sharp rise covering 1.2% low to high.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
AUD/NZD NZ$1.3017

The pair has been prone to whipsaws and is weakly trending, with an adx of 16.


The more recent signals have triggered sideways price moves rather than directional thrusts.

You are here:

• Reverse
• NZ$1.3122, +0.8%
• NZ$1.3097, +0.6%
• Now NZ$1.3017
• Reverse
• NZ$1.2852, -1.3%
• NZ$1.2807, -1.6%

The current rise puts the price in an area of congestion stretching up to NZ$1.3122. I would not expect easy going to the upside.

This signal will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.

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   

About the glance:  The colors indicate the state of each signal.

• trend: green for up, red for down, yellow for sideways
• adx: green for above 30-up, red for 20-down, yellow for in the middle. Red is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.