AUD/NZD Is Sitting in a Very Interesting Spot

Mar 28,2019 23:23   Source:Earnforex
The decline of the New Zealand dollar versus the Australian dollar dragged the currency pair at the resistance of an established descending trend. Long-term perspective After the New Zealand dollar depreciated, following the RBNZ dovish tone, the price got under the important resistance zone made up by the 1.04528 level and the trend-line of the descending trend which started around the 1.10 level, on October 10, 2018. Along its way from 1.10, the price consolidated five intermediary […]

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