Русский
The NZD/USD pair advanced after a bloody day for the price, with the recent gains underpinned by leaning on the support of an ascending price channel that limited the price’s short-term trading, coinciding with also leaning on the support of the 50-candle SMA, creating a strong demand zone for the price to rebound.
The positive scenario is further confirmed by the formation of a positive divergence in the Stochastic after it reached oversold levels compared to the price’s movements, with positive signals streaming out of it.
Origin: Economies
