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NZD/USD Daily Technical Analysis | 14 September 2017

2017-09-14 09:55 am | Resource: Technical Analysis Section | No Views : 162

We remain neutral on NZD/USD because it could not break 0.7216 or break 0.7320, and currently trading at the upside trend the bear has managed to land down but failed to break it so far.

NZD/USD Daily Technical Analysis | 14 September 2017

RSI 14 failed to close below 30 level, which led to the pair's failure to break the bullish trend line, the bear is still present but needs to be lost to continue to pressure the pair and break the level of the rising trend line.
We expected no change from yesterday's report. As long as NZD/USD is trading between 0.7216 and 0.7320, the pair remains neutral and therefore we recommend waiting until the break or break the 0.7216 for a trading decision.
Support: 0.7205 - 0.7168 - 0.7132
Resistance: 0.7336 - 0.7374 - 0.7401
Trend: neutral

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