Technical Analysis – NZDUSD runs out of steam after snapping 200-SMA

NZDUSD managed to tick above the 200-period simple moving average (SMA) in the four-hour chart for the first time since July but the bulls were soon rejected around 0.6449, with the price resuming its weekly neutral status. While the RSI is pushing efforts to return above its 50 neutral-mark, the falling MACD and the convergence […]