Technical Analysis – NZDUSD remains trapped in sideways market; positive risks upheld
Posted on July 17, 2020 at 11:55 am GMTNZDUSD is fixed around the steadied Ichimoku lines and 50-period simple moving average (SMA) as it continues to drift in a one-month horizontal formation. The price is stuck above the progressing 100- and 200-period SMAs, nurturing their positive bearing. Further promoting advances is the bullish demeanour within the stochastic oscillators’ %K and %D lines. However, the MACD and the RSI reflect a state of evaporated directional momentum, as they both are floating around their neutral marks. Moreover, the levelled Ichimoku [..]