Technical Analysis – NZDUSD Daily, Kiwi struggles close to 15-month low of 77 cents
Posted on November 5, 2014 at 8:50 am GMTThe New Zealand dollar, previously one of the best performing major currencies of the year until mid-July, has faced serious selling pressure against the US dollar during the past 4 months and it has lost more than 11 cents during this period. According to the Ichimoku analysis, the prospects for the kiwi / US dollar pair continue to be negative as price action is below the cloud and after some recent whipsaws, the Kijun-sen (red line) is again below the [..]