NZD/USD recovery extends but overhead SMAs cap upside

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โดย FXStreet·Read original
Summary · why it matters

NZD/USD remains on the front foot on Friday and is heading for a second consecutive weekly gain after the Reserve Bank of New Zealand raised the Official Cash Rate by 25 basis points on Wednesday and signaled that further policy tightening may be needed, boosting the New Zealand Dollar. However, overhead simple moving averages are capping the upside, limiting the pair's recovery.

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