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NZD/USD Eyes 200 DMA

Published 08/19/2013, 10:50 AM
Updated 07/09/2023, 06:31 AM
NZD/USD
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  • A better rally to end the week to probe above the latter July peak at .8105 and switch the near term outlook to more positive after the erratic range theme of the past 2-3 weeks.
  • This now re-energizes upside pressures to aim through the .8136 peak to the 200-DMA, now at .8210.
  • Although this should cap initially, with the 8-day RSI, short-term momentum positive, but not OB, there is scope to go still higher this week.
  • Above targets the 61.8% retrace, .8295.
  • What Changes This?
    • Below .7935 eases bull risks to neutral, only shifting negative below .7820/10.
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