NZDUSD Spikes Lower to Extend its Pullback

<p>NZDUSD had been steadily regaining ground after finding its feet at the 2023 low of 0.5984 in early June. However, the latest rebound faltered after challenging the upper boundary of the Ichimoku cloud, with the price reversing lower and dropping below both its 50- and 200-day simple moving averages (SMAs) The momentum indicators currently suggest that the bearish forces are intensifying. Specifically, the […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/507638-nzdusd-spikes-lower-to-extend-its-pullback/">NZDUSD Spikes Lower to Extend its Pullback</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>