NZDUSD buyers emerged around the 0.6528 mark just shy of a key support base of the broader uptrend, where a five-month rally in the pair began, recording a 3½-year high of 0.7464. The diving simple moving averages (SMAs) are shielding the bearish mood in the pair. Currently, the Ichimoku lines are indicating a pause in […]
The post NZDUSD Bounces at 16-Month Low but Bearish Tone Persists appeared first on Action Forex.
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