New Zealand Dollar Supported by 20 Day Average
240 Minute Bars
Prepared by Jamie Saettele
The 20 day SMA continues to hold as support and a move above 7824 cannot be ruled out. Do understand however that a move above there could complete the corrective advance from 7342. The dominant pattern in the NZDUSD is the 5 wave drop from 7975, which keeps me looking lower.
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