13.05.2019
NZDUSD
The pair remains under pressure in the wake of two negative factors. On the one hand, this is the decline in the RBNZ interest rates, which occurred last week. On the other hand, this is the increasing trade tensions between the United States and China.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and slowly decreases. Stoch point to weaker growth.
Trading recommendations:
A price drop below 0.6575 could be the basis for a local decline of the pair to 0.6500.
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