NZD/USD Classical Technical Report 02.10
NZD/USD: After trading well into overbought territory, daily studies are finally starting to roll over to warn of a near-term top and potential bearish reversal. Look for a daily close back below 0.8285 to confirm reversal prospects and open downside acceleration towards the 0.8000 area. However, inability to close below 0.8285 will keep the pressure on the topside and delay short-term bearish outlook.
--- Written by Joel Kruger, Technical Currency Strategist
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