NZDUSD appears to be fading from the vicinity of the upper boundary of the range of 0.6175 towards the 0.6073 level, that being the 61.8% Fibonacci retracement of the down leg from 0.6447 to the 11-year low of 0.5468, and the converged simple moving averages (SMAs) beneath. The short-term oscillators display the weakening in positive […]