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Aud/Nzd is moving towards 61.8% Fibonacci Expansion level on the weekly chart
Both Aud and Nzd have weakened the last couple of weeks due to economic situations
Aud however, seems to be the weaker currency at the moment,
this is reflected in the Aud/Nzd chart
On the weekly chart we find a nice fibonacci expansion playing out - the 61.8% level
of the last move down seems to be a real target here,
the RSI_14 is below 40, and it point to another move down
Aud/Nzd weekly chart
As I write this …
Both Aud and Nzd have weakened the last couple of weeks due to economic situations
Aud however, seems to be the weaker currency at the moment,
this is reflected in the Aud/Nzd chart
On the weekly chart we find a nice fibonacci expansion playing out - the 61.8% level
of the last move down seems to be a real target here,
the RSI_14 is below 40, and it point to another move down
Aud/Nzd weekly chart
As I write this …