Technical Analysis – NZDUSD sharply up but cautiously bullish

NZDUSD skyrocketed overnight after the Reserve Bank of New Zealand surprisingly decided to not cut interest rates. The price stepped on the ascending trendline drawn from the October 1 troughs and overcame all its simple moving averages (SMAs) before stopping near the 23.6% Fibonacci of the upleg from 0.6239 to 0.6464 and slightly above the […]