Technical Analysis – NZDUSD retracing some gains it made this year
Posted on October 6, 2016 at 7:50 am GMTNZDUSD has staged a big rally so far this year as it rallied from the January 20 low of 0.6346 all the way to the early September high of 07484 – a 17.9% move. After the yen, the kiwi is the best-performing developed country currency versus the dollar this year. Following the early September high of 0.7484, the pair has corrected somewhat sharply to reach the present 0.7150 level. It has thus violated the 50-day moving average in the process (currently at [..]