23.09.2020
The pair is trading at the neckline of the "double top" reversal pattern, remaining under pressure following the RBNZ monetary policy decision, while the US dollar gains as a safe haven currency.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI has entered the oversold zone. Stoch are also in it.
NZDUSD rate online: monitor the price movement in real time.
Trading recommendations:
Sell the pair after it crosses the level of 0.6600 with a probable drop to 0.6515.
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