NZDUSD’s Uptrend Under Negative Pressure

<p>NZDUSD has retreated from the recent 32½-month high of 0.7314 and is consolidating around the gradually rising 100-period simple moving average (SMA), which for the last week has curbed further deterioration under the 0.7152 trough. The steady upwards creeping 100- and 200-period SMAs are favouring advances and are trying to protect the positive picture. However, [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/353644-nzdusds-uptrend-under-negative-pressure/">NZDUSD&#8217;s Uptrend Under Negative Pressure</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>