NZDUSD has been trending lower since March, generating a profound structure of lower highs and lower lows. Nevertheless, the pair has posted a moderate recovery and has jumped above its 50-day simple moving average (SMA) after finding its feet at the 30-month low of 0.5510. The momentum indicators are endorsing a positive near-term tone. Specifically, the MACD histogram […]
The post NZDUSD Extends Recovery after Bouncing Off 30-Month Lows appeared first on Action Forex.
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