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NZD/USD Daily Technical Analysis | 6 September 2017

2017-09-06 04:54 am | Resource: Technical Analysis Section | No Views : 145

NZD/USD hits the entire bullish triangle formation during yesterday's trading, and the pair continued to rise against the major downside line that failed to stabilize above.

NZD/USD Daily Technical Analysis | 6 September 2017

It should be noted that, the simple moving average is trading with the movement of the pair to show the neutrality that currently controls the pair.
RSI 14 came back to trade below the bearish trend line as the pair failed to stabilize above and now, the indicator is facing the bullish trend line if broken, it will be very negative for buyers.
It is expected that if the New Zealand currency crosses against the US currency at 0.7205, it may target the 0.7168 level, but if breaching the 0.7262 level might target the 0.7297 level.
Support: 0.7205 - 0.7168 - 0.7132
Resistance: 0.7297 - 0.7336 - 0.7374
Trend: neutral


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