NZD/USD - NZD/USD is Moving Near 0.7300 - 11/07/2016 (GMT)
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NZD/USD Chart
The Reserve Bank of New Zealand has a monetary policy announcement on Wednesday and by now the NZD/USD pair surged more than 2.2% since last week. The pair is moving in an uptrend from January and is currently stuck near the 0.7300 psychological level.
The commodity pair recorded the third positive week in a row and is approaching the 0.7370 resistance level. Furthermore, if the price surges above the latter level will expose the price towards the 0.7480 barrier. Otherwise, if the price plunges below the 0.7300 level will meet the ascending trend line which coincides with the 0.7100 strong obstacle. The RSI indicator is flattening in the positive territory while the MACD oscillator is rising in a bullish area.
The commodity pair recorded the third positive week in a row and is approaching the 0.7370 resistance level. Furthermore, if the price surges above the latter level will expose the price towards the 0.7480 barrier. Otherwise, if the price plunges below the 0.7300 level will meet the ascending trend line which coincides with the 0.7100 strong obstacle. The RSI indicator is flattening in the positive territory while the MACD oscillator is rising in a bullish area.
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