 NZDUSD got trapped around 0.6370 immediately after the bounce on the 50- and 200-day simple moving averages SMAs at 0.6200. Interestingly, the congestion is developing around the lower boundary of the broken 2021-2022 bearish channel. While the bullish SMA crosses flag a resumption of the latest upleg, the momentum indicators are still reflecting some caution. Although above its ... The post NZDUSD Bulls Get Congested; Sentiment Fragile appeared first on Action Forex... 