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AUD/NZD Weekly Forecast ( December 5-9)

Daily chart analysis
The price of AUD/NZD currency pair may rise in the medium long term, according to the MACD and the stochastic oscillator. If the price reaches 1.0531 (EMA 50), it may rise at Fibo 0.50 (1.0775), according to the daily chart.

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8 hour chart analysis
The 8 hour chart indicates also a possible uptrend for AUD/NZD pair. The MACD is positive on the 8 hour chart. If the price hits 1.0542 (EMA 200), it may rise until at least 1.0600, in order to close a gap, in the medium term. 

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