Bullish price-indicator crossover in NZD/USD

A bullish crossover between the NZD/USD current rate and its 200-hour SMA has been detected.

The ascending NZD/USD price finds itself en route to the 800-SMA, which carries an equal resistance to the 200-SMA on 4hr charts. Such a price-indicator cross has not occurred at least for a week on this time frame, highlighting its significance.

BoE: Sharply weaker pound becoming more of a UK policy focus - MUFG

Lee Hardman, Currency Analyst at MUFG, notes that the pound continues to trade on the defensive in the near-term although it has at least stabilized a
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