Technical Analysis – EURNZD increases within Ichimoku cloud; broader picture is negative

EURNZD has gained little today but it managed to hold within the Ichimoku cloud and the 20- and 40-day simple moving averages (SMAs), with the technical indicators feeding prospects for a possible upside move. The RSI indicator is sloping upwards and is approaching the bullish zone, while the stochastic continues to strengthen after the bullish […]