NZD/USD Classical Technical Report 03.05
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 break back and close back below 0.8250 to confirm reversal prospects and open downside acceleration towards the 0.8000 area. A daily close back above 0.8500 however negates and gives reason for pause.
--- Written by Joel Kruger, Technical Currency Strategist
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