NZDUSD is receding below the flattening blue Kijun-sen line around 0.7054, after a bullish trend off 0.6612 thrusted the pair up towards a 31-month high of 0.7103. The Ichimoku lines are indicating some stalling in positive price action, while the soaring simple moving averages (SMAs) are safeguarding the positive structure. Nevertheless, the short-term oscillators are echoing clues that a deeper negative retracement could unfold before the climb resumes. The MACD, after hovering for some time beneath its red trigger line, [..]
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