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NZD/USD PRICE ANALYSIS: BUYERS GATHER MOMENTUM AND CHALLENGE THE 200-DAY SMA

guntur360
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  • The daily RSI for the NZD/USD reveals strong buying momentum, underpinned by rising MACD green bars.
  • Despite slightly weakening green bars on the hourly MACD, the RSI indicates steadfast buying traction near 70.
  • If buyers regain the 200-day SMA, the outlook will turn positive for the pair.

The NZD/USD pair is showcasing a strong performance, rising to 0.6032 on Thursday. Despite this, an observed stagnation in hourly advances warrants attention for any short-term shift as indicators reach overbought conditions and buyers might take profits.


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