NZDUSD has established a foothold consolidating around the 0.6734 level, which is the 76.4% Fibonacci retracement of the up leg from 0.6510 until 0.7464, after a five-week decline from the 0.7217 high. The simple moving averages (SMAs) are starting to fall, hinting that the neutral-to-bearish tone is securing an advantage. That said, the short-term oscillators are transmitting mixed signals in directional impetus. The MACD, some distance beneath the zero mark, is indicating that negative momentum is fading as it continues to rise above its red trigger line. The positively charged stochastic oscillator is promoting ... (full story)