Technical Analysis – NZDUSD closes below 50-SMA, tests 0.66 level

NZDUSD finished Tuesday’s session marginally below the 50-day simple moving average (SMA), while early on Wednesday it managed to pierce the 0.66 round level as well before pulling slightly up. The fast-Stochastics hint that the downfall is overstretched and hence buying pressures could soon take place, but the RSI needs to reverse south and rise back above its 50 neutral […]