Recent plummeting NZD/USD price action has been highlighted by an above-average distance between MACD and its signal line. From a strategic standpoint, there could be further stomach-churning dips to endure, as well as brief relief rallies. The latest MACD print shows dissipation of downside momentum, thus reinforcing the second scenario.
NZD/USD 2016-01-04T03:45:00
0.67525/0.67541 (0.1495565131121%)
H0.67645 L0.6749
| S3 | S2 | S1 | R1 | R2 | R3 |
|---|---|---|---|---|---|
| 0.6764666239420 | 0.6783833106358 | 0.6795166532198 | 0.6825666824976 | 0.6844833691914 | 0.6856167117754 |
| Trend Index | OB/OS Index |
|---|---|
| Bearish | Oversold |
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