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    Thread: NZD/USD Analysis

    1. 10-27-2023, 04:17 PM #1 Collapse post
      ArwaIbrahim
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      NZD/USD Analysis

      The NZD/USD pair traded with strong negativity yesterday to surpass the 0.5800 barrier and settle below it, approaching our waited target at 0.5750, and we expect the continuation of the bearish trend to achieve additional negative targets that reach 0.5670.

      Therefore, the bearish trend scenario will remain valid for the upcoming period, supported by the negative pressure formed by the EMA50, noting that breaching 0.5815 might push the price to achieve intraday gains and test 0.5900 before any new attempt to decline. The expected trading range for today is between 0.5710 support and 0.5810 resistance.

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