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NZD/USD chart - Trading View
Candlestick Pattern: Inverted Hammer
Chart Pattern: Symmetric Triangle
Technical Analysis:
- NZD/USD rejected at 110-EMA resistance
- RSI below 50, bias bearish
- Stochs are at oversold levels, but no signs of reversal evident
- MACD supports weakness, -ve DMI is dominant
Major Support - 0.6761 (38.2% Fib), 0.6734 (200-DMA)
Major Resistance - 0.6797 (110-EMA), 0.6840 (23.6% Fib)
Currency Forecast: Scope for test of 0.6761/ 0.6735
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
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FxWirePro: NZD/USD Daily Outlook
Thursday, April 4, 2019 10:05 AM UTC
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