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NZD/USD Daily Technical Analysis | 29 January 2018

2018-01-29 09:43 am | Resource: Technical Analysis Section | No Views : 270

However, the NZD/USD rebounded from the 60-minute uptrend line but failed to breach last Thursday's highs and currently the pair is trying to break the 0.7342 area.
 
NZD/USD Daily Technical Analysis | 29 January 2018

The pair is trading in a minor upside direction while trading in a bearish direction in secondary formation, and the SMA 20 is still neutral.
RSI 14 is trading in a bearish direction so we do not recommend opening trading positions on the pair until the price indicators agree with the movement of the pair.
It is expected that if the New Zealand currency crosses against the US currency, the levels of 0.7315 could target the 0.7243 level on the other side, if breaching 0.7374 the pair might target 0.7436.
Support: 0.7342 - 0.7261 - 0.7151
Resistance: 0.7416- 0.7454-77484
Trend: Up


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