NZD/USD Classical Technical Report 03.21
NZD/USD: After trading well into overbought territory, daily studies are finally starting to roll over to warn of a near-term top and bearish reversal. The latest break and close below 0.8250 confirms outlook and should now accelerate declines towards next key support by 0.7800-0.8000 further down. Rallies should now be well capped ahead of 0.8300.
--- Written by Joel Kruger, Technical Currency Strategist
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