NZDUSD is rising after bouncing off the long-term descending trend line and the 200-day simple moving average (SMA) but is still hovering beneath the 20-day SMA. The negatively aligned Tenkan-sen line serves as a testament to the negative short-term momentum. The Chikou Span, though, is signaling a potentially oversold market; a near-term reversal should thus not be […]
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