Strategy: Pending Short
NZDUSD has produced a Gravestone Doji candle, hinting a move lower may be ahead. Negative RSI divergence reinforces the case for a downside scenario. Confirmation on a daily close below 0.8241 is required before the signal is actionable however and we will remain on the sidelines for now.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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