NZDUSD’s Bullish Bias Durable Despite Consolidation

<p>NZDUSD is retreating from its freshly plotted 31½-month high of 0.7113 in the four-hour chart, as positive drive seems to have taken the back seat, something also reflected in the directionless Ichimoku lines. That said the solid bullish bearing of the simple moving averages (SMAs) is protecting the uptrend. The short-term oscillators are communicating conflicting [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/347284-nzdusds-bullish-bias-durable-despite-consolidation/">NZDUSD&#8217;s Bullish Bias Durable Despite Consolidation</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>