17.08.2020
The pair is trading above the strong support level of 0.6520. The pair is negatively affected by the US-China tensions, ahead of the RBNZ meeting minutes to be released on Tuesday.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold zone and moves horizontally. Stoch are declining.
NZDUSD rate online: monitor the price movement in real time.
Trading recommendations:
If the pair falls below the 0.6520, it may go further down to 0.6450.
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