Feb 16, 2024
NZD/USD remains trapped in congestion pattern as technicals weigh on pair
NZD/USD found some intraday gains on Thursday, bolstered by an unexpected decline in US Retail Sales in January, pushing down the US Dollar (USD) and giving the Kiwi (NZD) a lift, but the pair overall remains trapped in technical consolidation as long-term trends give way to congestion.
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