Momentum extreme in AUD/NZD

The daily AUD/NZD rate carried the MACD oscillator into new low ground hitting a one year record.

Equally bearish and significant is the MACD histogram reaching a six months low.

Despite a still defiantly bearish trend we have seen a nascent reversal patterns unfold: the slightly higher oscillator value, outlined on the daily perspective, which may result in sellers narrowing their projections for the decline.