Technical Analysis – EURNZD drops aggressively this week; records 3-week low
EURNZD lost ground this week, dropping to a new three-week low near 1.6950 today after finding strong resistance at the eight-month high slightly above the 1.7300 psychological mark. The short-term moving averages are ready to create a bearish cross, signaling more losses, while the technical indicators are losing momentum. The RSI is hovering below the […]
Technical Analysis – EURNZD drops aggressively this week; records 3-week low
EURNZD lost ground this week, dropping to a new three-week low near 1.6950 today after finding strong resistance at the eight-month high slightly above the 1.7300 psychological mark. The short-term moving averages are ready to create a bearish cross, signaling more losses, while the technical indicators are losing momentum. The RSI is hovering below the […]