NZDUSD steady and 1 ½-month old decline below the capping 50-period simple moving average (SMA), saw the bulls on September 3 come on board. The price overcame the 50-period SMA and pushed through the Ichimoku cloud on Thursday to challenge the longer-term 100-period SMA and the inside swing low of 0.6376. Momentum indicators are backing a bullish view in the short-term. The MACD has distanced itself from its red trigger line and increased into positive territory. The RSI broke into [..]
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