Short term view - NZD-USD : The MACD is not oversold.
The trend is momentarily interrupted by a consolidation on a shorter time horizon but prices remain below the invalidation level at $0.6730. It can resume at anytime towards the target at $0.6350.Arguments :
- Prices are pulling back to the major resistance level (previously a support). The fall will resume afterwards.
- The MACD is not oversold.
- The moving average is capping prices.
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