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Technical Analysis – NZDUSD edges across 38.2% Fibonacci around 0.71

Published 09/15/2021, 08:54 AM
Updated 02/07/2024, 09:30 AM
NZDUSD is creeping sideways along the 0.7100 level, which happens to be surrounded by the 100- and 200-day simple moving averages (SMAs) at 0.7070 and 0.7120 respectively, after its latest rally ran out of steam.







Summarizing, NZDUSD’s directional forces seem to have temporarily dried up as the price is stuck between the 100- and 200-day SMAs. Nevertheless, a break above the 0.7150-0.7169 barrier or beneath the 50-day SMA at 0.7003 could produce a new price course.


150921_NZDUSD Daily

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