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NZDUSD Minimizes Weekly Loss But Bears Still Present

Started by PocketOption, Apr 20, 2022, 01:11 pm

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PocketOption

NZDUSD Minimizes Weekly Loss But Bears Still Present

NZDUSD switched to a recovery operation on Wednesday after halting its downleg near a three-week low of 0.6714 and around the bottom of the Ichimoku cloud. Despite its latest deceleration, the pair maintains a neutral structure in the medium-term picture. Yet, the negative reversal in the 20-day simple moving average (SMA), which immediately pulled below the 200-day […]


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