- NZD/USD consolidates the previous day’s recovery inside one-month-old symmetrical triangle.
- Impending bull cross on MACD, sustained trading beyond 100-EMA keeps Kiwi buyers hopeful.
- Bears need to conquer 0.6200 to retake control, bulls can aim for 0.6310 on breakout.
NZD/USD clings to mild losses around 0.6190 as it reverses the previous day’s rebound heading into Thursday’s European session. In doing so, the Kiwi pair retreats within a one-month-old symmetrical triangle, funning down towards the breakout points of late.
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