NZD/USD experienced a sharp decline overnight, attributed largely to a vigorous rebound seen in Dollar. Bearish momentum for the pair continued into Asian session, further weighed down by disappointing manufacturing data from New Zealand. From a technical standpoint, price actions stemming from 0.5858 short term bottom appear to have a corrective structure. The pronounced drop […]

The post NZD/USD heads back to 0.5858 short term bottom appeared first on Action Forex.