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  1. NZD/USD Technical Analysis: Trend Points Lower Despite Rebound

    by , 02-14-2018 at 12:29 PM
    The New Zealand Dollar is attempting a cautious recovery against its US namesake but overall positioning continues to hint the path of least resistance favors the downside. The currency found interim support near the 0.72 figure but a series of lower highs and lows defining the near-term trend remains intact.

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    An immediate upside barrier comes in at 0.7332, the 23.6% Fibonacci expansion, with a break above that on a daily closing basis opening ...