NZD/USD Morning Technical Report 23/7/2014
ecPulse
2014-07-23 09:23AM UTC
NZDUSD is moving higher with the start of today’s session, rebounding of the 50-days SMA support level, however, the price remains under key resistance levels starting at 0.8715, while RSI has been showing a major bearish divergence, and that favors the bearish scenario. Therefore, we maintain our bearish bias for today, and as long as below 0.8715.
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