NZDUSD is set to confront the Ichimoku cloud’s lower band, which intersects with a potential restrictive trend line pulled from the 0.7216 high, putting the durability of the progressive price bounce from the 16-month low of 0.6528 to the test. The longer-term 100- and 200-day simple moving averages (SMAs) are defending a more than three-month […]
The post NZDUSD’s Fresh Bullish Impetus Put Under the Microscope appeared first on Action Forex.
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