16.12.2020
The pair is supported by China’s growing demand for the Australian ore. Strong economic data from Australia and positive sentiment on the markets amid the weak US dollar stimulates the pair’s growth.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and is growing. Stoch are down.
NZDUSD rate online: monitor the price movement in real time.
Trading recommendations:
The growth of the pair above the level of 0.7575 will lead to an increase in the price to 0.7670.
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