NZDUSD Reached 16-month Low; Bearish Forces Linger

<p>NZDUSD continued its retreat in January reaching a 16-month low amid strong negative forces. Moreover, the pair is currently trading way below its 50- and 200-period simple moving averages (SMA), with the former crossing below the latter, reinforcing fears of a sustained bearish outlook. Short-term momentum indicators are reflecting a mixed picture as the RSI [&#8230;]</p>
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