NZDUSD had been steadily gaining ground after finding its feet at the 2023 low of 0.6083 in early March. However, the recovery proved to be short-lived and the price reversed lower, diving beneath its 50-day simple moving average (SMA), while the focus has now shifted towards the 200-day SMA. The momentum indicators currently suggest that near-term […]
The post NZDUSD Slices Through 50-day SMA as Rebound Falters appeared first on Action Forex.
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