Wednesday’s bearish engulfing/bearish outside day candle followed by a failure at 50-DMA today despite the sharp rise in the NZ CPI data if followed by a breach of psychological support at 0.70 levels would open doors for a quick fire sell-off to 0.69 handle.
Only a daily close above 0.7090 (Mar 21 high) would open doors for a rally to 0.8250.
Only a daily close above 0.7090 (Mar 21 high) would open doors for a rally to 0.8250.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.