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Christeen Culton

NZD/USD Price Analysis: Pair saw a volatile session, high near 20-day SMA then retreated

NZD/USD Price Analysis: Pair saw a volatile session, high near 20-day SMA then retreated

2024-11-16
By: Christeen Culton
On: November 16, 2024
In: Business & Finance

NZD/USD pair traded volatile during Friday’s session, clearing all of its daily gains. Pair initially soared to a high around 0.5970 near the 20-day SMA before erasing all the gains towards 0.5850. The RSI signaled that buying pressure recovered as it neared the oversold area with a rise in slope.Continue Reading

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