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HomeContributorsTechnical AnalysisDaily Technical Outlook And Review: NZD/USD

Daily Technical Outlook And Review: NZD/USD

IC Markets
By IC Markets

The charts are suggesting that the New Zealand Dollar is heavily overbought in the short-term.

There is negative Stochastic divergence on the Weekly, with NZD/USD also in overbought territory there. In the near-term, expect a retracement towards 0.7350 before a proper continuation of the uptrend happens.

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