NZD/USD PRICE ANALYSIS: SLIGHT BULLISH MOMENTUM NOTED, LONG-TERM BEARISH BIAS INTACT
- The RSI of the NZD/USD on the daily chart shows a slight recovery from the buyers.
- The hourly chart presents a more positive picture, with RSI remaining above 50, signaling increasing buying momentum.
The NZD/USD trades rose to 0.5930 in Tuesday’s session, marking a slight increase with gains of 0.17%. The currency pair continues to be guided by a long-term bearish trend. However, there is an attempt to challenge this bearish supremacy by buyers, albeit modest, and hourly indicators suggest that the momentum picked up is still weak.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.