The NZD/USD pair maintains its losing streak, depicting a bearish session on Thursday. The RSI for the daily chart points to a growing selling momentum, while MACD prints rising red bars. Mimicking the daily chart, the hourly signals flash the ongoing strength of the sellers but with indicators somewhat flat. The currency pair's market sentiment seems to lean towards the bearish side, with sellers maintaining a strong grip.
However, the latter flattened near the oversold indicating that the pair may consolidate the downwards movements ahead of the Asian session. Fundamental factors will be key as they could prompt another leg downwards. NZD/USD hourly chart A consistent negative trend is evident across both timeframes after comparing the daily and hourly charts. The RSI and MACD indicators suggest continuing domination by sellers in the NZD/USD pair.
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Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »