NZD/USD: determining factor

Forex analytics: At the moment the pair NZD/USD is at the important support level of 0.6585, which is crossed by the moving average line ЕМА50 on the daily chart and ЕМА200 on the hourly and 4-hour charts. Consolidation above or below this level will determine further movement direction in the pair in the short-term. In case of breakdown of this level the pair NZD/USD will go back to downtrend; the rise ...