Day: August 16, 2024

NZD/USD Recovers Ground, Reclaims 100-Day SMA

nzd usd image

The NZD/USD pair has rebounded, reclaiming the crucial 100-day Simple Moving Average (SMA) level, as positive market sentiment supports the New Zealand Dollar. The pair gained over 1% on Friday, with technical indicators suggesting growing bullish momentum. The Relative Strength Index (RSI) is currently hoverinfxg around 57, indicating a positive trend, while the Moving Average […]

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