Forecast by Marius Ghisea – AUD/NZD (September 19-23)

The AUD/NZD currency pair may rise in the medium long term. The stochastic oscillator and the MACD indicate an uptrend for this pair on the daily chart. The price will reach EMA 50 (1.0450) and this is a confirmation of an uptrend. A first target may be 1.0492 (0.23 Fibo). A second target may be 1.0653 (0.38 Fibo).

The uptrend is also confirmed on the 8 hour chart. Forex indicator MACD indicates that this pair will rise in the next period. A first target in the next period is 1.0359 (0.23 Fibo).