NZDUSD bulls reemerged, overtaking the resistance of 0.6268 and the 50-period simple moving average (SMA) on the four-hour chart. However, the rally which commenced on October 1 off a multi-year low of 0.6200 soon came to a halt at the lower boundary of the Ichimoku cloud presently at 0.6298. The short-term oscillators suggest that positive momentum is picking up. The MACD has distanced itself above its red trigger line in the negative region, while the RSI has inclined off the 50-level into bullish territory. Despite this, the negative signals from the 100- and 200-period SMAs, as well as the restricting Ichimoku ... (full story)