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NZDUSD Technical Analysis

On the daily chart below, we can see that the NZDUSD has recently broke below the March low as the RBNZ went on pause and the US economic data made the market to expect more hikes from the Fed. This has caused a divergence in monetary policy expectations and made the NZD one of the worst performers among the majors. We can also notice that the fast selloff last week has made the NZDUSD a bit overstretched as depicted by the price distance from the blue 8 moving average. In such instances, we can... Read More

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Nzdusd

Technical

Analysis

Forex

Posted: May 30 2023, 12:24

Author Name: forexlive

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