NZD/USD: the downward tendency remains
NZD consolidated in a downward trend against USD after a long-term growth in the second half of 2017.
The pair is rapidly declining amid growing investment appeal to the oversold USD. It is worth noting that NZD also loses support from investors the more after each new level of support is taken over. Yesterday, the pair reached a new local minimum for the last month, the mark of 0.7180, after which it moved to the stage of an upward correction.
Today, one s…
NZD consolidated in a downward trend against USD after a long-term growth in the second half of 2017.
The pair is rapidly declining amid growing investment appeal to the oversold USD. It is worth noting that NZD also loses support from investors the more after each new level of support is taken over. Yesterday, the pair reached a new local minimum for the last month, the mark of 0.7180, after which it moved to the stage of an upward correction.
Today, one s…