NZDUSD is diving beneath the greater than three-and-a-half-year excessive of 0.7463, slipping beneath the 20-period easy shifting common (SMA). This aggressive transfer is confirmed by the MACD oscillator, which is falling beneath the set off line. Nevertheless, the RSI is popping larger across the impartial threshold of fifty. In pattern indicators, the purple Tenkan-sen line and the blue Kijun sen line are flattening above the present market worth.
Steeper decreases may take the market till the 40-period easy shifting common (SMA) at 0.7320 earlier than declining to the 0.7267 help. The following goal might be the 200-period SMA at 0.7214 and the 0.7156 barrier.
On the flip facet, an upside transfer may open the door for the 20-period SMA at 0.7374 forward of a pointy transfer in direction of the multi-year peak of 0.7463.
Summarizing, NZDUSD has been making a bearish motion over the past couple of days, and any strikes beneath the 200-period SMA may swap the larger image to impartial.
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