Technical Analysis for NZD

The pair moved higher approaching the 50-day SMA and 0.7900 horizontal resistance level, we may see renewed downside pressure from this area. However if broken, stability above 0.7940 may extend the bullish move to 0.8100 level.

Support: 0.7810, 0.7730, 0.7690, 0.7650, 0.7610
Resistance: 0.7860, 0.7900, 0.7965, 0.8010, 0.8050

Recommendation Short below 0.7840 targets at 0.7740 and 0.7690. Invalidation four-hour closing above 0.7900

IMOH, Clement I.
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