NZDUSD has detached from the converged simple moving averages (SMAs) and has dipped below the multiple lower wicks of the candles from January 6 till the 11. The stabilized SMAs are endorsing a more neutral trajectory in the price as the pair remains rangebound, oscillating between the 0.6678-0.6700 floor and a 0.6890-0.6910 ceiling. The falling Ichimoku lines are indicating that negative forces are commanding lately, while the short-term oscillators are suggesting that the price may test the floor of the one-month sideways market. The MACD, in the bearish region, is diving further below its red trigger line, while ... (full story)