NZDUSD continues its consolidation phase inside a symmetrical triangle and below the 33-month high of 0.7314. While the price is looking set for another rebound within the formation and near the 50-day simple moving average (SMA), the momentum indicators provide little hope for cheer. The RSI is muted around its 50 neutral mark, and the MACD is gradually diminishing below its red signal line, while the red Tenkan-sen remains flattish slightly below the blue Kijun-sen line. A move above the 20-day SMA [..]
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