NZD/USD: Setup Little Changed, Testing Channel Support
Strategy: Pending Short
NZDUSD positioning is little changed from last week, with prices testing the bottom of a rising channel set from the swing low in early Marching having recoiled from resistance in the 0.7329-0.7446 region. Negative RSI divergence points toward a bearish bias, but we will look for confirmation on a close below the channel’s lower boundary (now at 0.7084) before entering short.
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