Technical Analysis – NZDUSD remains bullish; moves sideways around 23.6% Fibonacci
NZDUSD has found support from the 0.6400 level, which is the 23.6% Fibonacci retracement of the up leg from 0.6202 to 0.6464, sustaining the current sideways move between 0.6435 and 0.6390. The short-term oscillators suggest that positive momentum has dried up, something also backed by the flattened 100-period simple moving average (SMA). The MACD is hovering […]