Technical Analysis – AUDNZD bulls break above 5-month high

AUDNZD breached the five-month high from April 17, after plotting gains in a rally that commenced on August 6. The indicators are reflecting an increase in positive directional momentum. The MACD has re-inclined above its red trigger line in the positive region, while the upward sloping RSI crosses into overbought territory. Further endorsing the view, […]