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NZD/USD Daily Technical Analysis | 30 August 2017

2017-08-30 07:31 am | Resource: Technical Analysis section | No Views : 154

NZD/USD retested the previously broken trend line, and managed to stabilize above again during today's Asian session.

NZD/USD Daily Technical Analysis | 30 August 2017

NZD/USD is trading in a bullish direction, failing to form a new high so far, the neutral SMA.
RSI 14 is trading in a bullish direction and supports the pair as it managed to return to the 50 level again.
It is expected that if the New Zealand currency crosses against the US currency the level of 0.7250 might target the level of 0.7336 and if the pair breaks the level of 0.7212 might target the level of 0.7174.
Support: 0.7212 - 0.7174 - 0.7132
Resistance: 0.7250 - 0.7336 - 0.7374
Trend: neutral
Support and resistance based on pivot points.

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