Friday, February 22, 2019
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Technical Analysis – NZD/USD hits a one-week low

NZD/USD selling interest in progress; hits a one-week low. NZD/USD is continuing this week’s sell-off with strong momentum, reaching a one-week low around 0.6730 and at the same time confirming the start of a bearish movement. The short-term bias looks negative as the MACD keeps losing ground below its red trigger line, while the RSI seems to

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NZD/USD 10/01/19 | EconAlerts

Technical Analysis – NZD/USD turns higher in the short-term

NZD/USD turns higher in the short-term; remains below 61.8% Fibonacci. NZD/USD has recovered substantially after the selling interest from the 0.6968 level, almost hitting the 61.8% Fibonacci retracement level from 0.6968 to 0.6560, around 0.6812. Currently, the price is trading well above the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. However, the technical indicators

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