NZDUSD Bulls Halted by Mid-Bollinger Band; Bearish Pressures Remain

<p>NZDUSD’s fresh upward pivot from 0.6510 has been dismissed by the mid-Bollinger band at 0.6574, which has reset the negative direction, with the price now tackling the 0.6539 barrier. The diving 50- and 100-period simple moving averages’ (SMAs) negative demeanour and their forthcoming bearish overlaps of the 200-period SMA, may further aid a weakening bias. […]</p>
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