Technical Analysis – NZDJPY adopts sideways structure after 2-week drop
NZDJPY came shy of filling the gap of 73.45 – 73.60 and then dropped to a low of 67.54, before moving into a short-term trading range on the four-hour chart. The bulls have found the 50-period simple moving average (SMA) to be a worthy adversary, denying them a move above. The momentum indicators although in […]