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AUD/USD momentum switched to negative

Increased downward momentum in the AUD/USD has brought the 4hr MACD to step in the red zone.

This technical condition would certainly not be of much help if the MACD hasn't been under zero for at least one week of trading. This reinforces the argument that room for further AUD/USD depreciation is there.

The signal may be either taken by trend-following traders as a trigger to liquidate long positions as by potential sellers to prepare their short commitments.

USD/CHF MACD fails to challenge recent highs

USD/CHF MACD fails to challenge recent highs
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Oil recovery might be triggered by shrinking US crude oil inventories - Commerzbank

With oil markets likely to lack “major news” this week, the weekly report from the US Department of Energy should receive increased attention, said Ba
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