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NZDUSD Price Analysis: Navigating the market's downside momentum

NZDUSD Price Analysis: Navigating the market's downside momentum
The NZDUSD experienced a sharp decline for two consecutive days (on Thursday and Friday last week), having reached its peak during last Thursday's Asian trading session. The downward momentum was initiated technically by the pair's dip below a rising trend line and the 100-hour moving average on Thursday. The downward trajectory was further cemented on Friday, with the pair breaking below both the rising 200-hour moving average and the 100-day moving average.Friday's trading session saw the pair... Read More
Posted: May 15 2023, 15:05
Author Name: forexlive
Views: 102614

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