Technical Analysis – NZDUSD has been bullish since December; pausing rally at key 0.72 level

NZDUSD has held its uptrend since December 2017 when it broke above the key 0.6900 level to rise all the way up to the 0.7200 handle yesterday. The market has paused around this level after touching a 3-month high of 0.7230. Looking at the 4-hour chart, the moving averages are bullishly aligned (50 SMA and […]