NZDUSD has been trending lower since March, generating a profound structure of lower highs and lower lows. Even though the pair has posted a moderate recovery after finding its feet at the 30-month low of 0.5510, the 200-day simple moving average (SMA) has curbed further advances. The momentum indicators suggest that bullish forces are subsiding. Specifically, […]
The post NZDUSD Consolidates after the 200-day SMA Rejects Advance appeared first on Action Forex.
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