22.02.2019
NZDUSD
The pair is trading above 0.6765. It may partially recover due to the weakness of USD. However, if the negative sentiment over the US economy’s growth returns to the market, the pair may resume its local fall.
The price is below the middle Bollinger band, on the level of SMA 5, but below SMA 14. RSI is below the level of 50% and is reversing upwards. Stoch have left the oversold territory.
Trading recommendations:
Sell the pair at its growth from the mark of 0.6815, while a further drop to 0.6715 is possible.
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