NZDUSD’s Negative Momentum Breathes New Life into Near-Term Descent

<p>NZDUSD is presently tackling the 0.5841 level, that being the 38.2% Fibonacci retracement of the down leg from 0.6447 to an 11-year low of 0.5468, after new found negative sentiment sent the pair back down into the Ichimoku cloud. Aiding this move down is the recent bearish crossover of the now declining Ichimoku lines. The […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/285088-nzdusds-negative-momentum-breathes-new-life-into-near-term-descent/">NZDUSD’s Negative Momentum Breathes New Life into Near-Term Descent</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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