The moving averages is a continuation of the AUD/NZD decline to signal on a daily basis. Increase the chances of getting the Momentum.
The AUD/NZD seems to want to a Pullback in the direction of the 50 MA resistance. The consistent decline is confirmed by the RSI, because this was the majority of the last 3 weeks under the 50 level.
Noteworthy is the recent decline of the oscillator up to the 25 level. In connection with the long-term downward trend in RSI on 4-hour basis is a strong focus on sales. This could make him but also prone to a Squeeze to the top. The risks, however, are still clearly on the downward side.
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