Technical Analysis – NZDUSD steadies above 50-day MA but struggles for direction

NZDUSD has stabilized above its 50-day moving average (MA) and above the 23.2% Fibonacci retracement of the downleg from 0.6789 to 0.6203 at 0.6341 after pulling back from six-week highs. However, despite settling above this key overlap region, the oscillators point to only weak upside momentum in the near term. The RSI has flatlined just […]