Technical Analysis – NZDJPY’s medium-term positive picture being tested by sellers
NZDJPY corrects below the 20-day simple moving average (SMA) after slightly breaking above the previous high from July 22 of 2019 of 73.23, putting the bigger positive picture under pressure. The short-term oscillators suggest that the negative momentum is strengthening. The MACD, although deep in the positive region, is falling below its red trigger line. […]