When we last looked at both the AUDUSD and NZDUSD spot Forex rates on 26th November we highlighted intermediate-term bullish shifts.
However subsequent “risk off” activity across global capital markets in reaction to concerns regarding a global slowdown has seen the US dollar rally with a flight to quality, whilst both the Australian and New Zealand Dollars have weakened.
For the AUDUSD currency pair, this has seen a plunge through important supports (notably .7161), which has shifted the intermediate-term outlook from bullish, to neutral and now to bearish
The NZDUSD Forex rates has not, as yet, seen an equivalently negative technical development, but is poised for a similarly bearish, intermediate-term signal, but only below .6751.
See the full article and video analysis here: https://www.forexfraud.com/technical-analysis/audusd-shift-bearish-with-nzdusd-poised-for-similar-negative-signal