Technical Analysis – NZDUSD bounces off 25-month low below 0.6200

NZDUSD is trying to recoup significant losses that were posted in the previous eight days, recording a new 25-month low below the 0.6200 round number. The 20- and 40-day simple moving averages (SMAs) appear ready to post a bullish crossover in the short-term, while the technical indicators are confirming the recent positive move. The RSI rebounded off the oversold region, and the […]