Technical Analysis – NZDUSD positive picture at risk as lower bound of Ichimoku cloud tested
Posted on June 18, 2020 at 2:51 pm GMTNZDUSD’s short-term bullish picture is under scrutiny as the pair is presently resting on the lower band of the Ichimoku cloud. The latest sideways move may gain a negative boost should it dip under the cloud and the 50-period simple moving average (SMA) continue its gradual downturn. At this time signals for directional momentum reflected in the Ichimoku lines and the MACD oscillator are unclear. However, the RSI is starting to head lower from its neutral mark while the stochastics [..]