NZDUSD extends its bearish leg below 200-day SMA But manages to rebound strongly from 2-month bottom Oscillators remain tilted to the downside NZDUSD has been in a steady downtrend since its rejection from near 0.6373 in late December, which is the 78.6% Fibonacci retracement of the 0.6536-0.5772 downleg. This week, the pair dropped to a fresh two-month […]
USDJPY aims for a bullish breakout ahead of Thursday’s US CPI data Momentum indicators are encouraging, but trend signals are still cautious USDJPY found new buyers near its 20-day simple moving average (SMA) at 143.40 on Tuesday, drifting higher to close mildly positive on the day. Upside pressures persisted early on Wednesday, bringing the important 144.70 region, […]
The post USDJPY Turns Up, But is the Rebound Sustainable? appeared first on Action Forex.
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