The NZDUSD pair began to correct in the wake of the publication of weaker data on the Chinese economy, which was presented today. It is also pushed down by local overbought, which may become the basis for a limited price decline.
Technical picture NZDUSD: The
price is above the middle line of the Bollinger indicator, below the SMA 5, but above the SMA 14. The relative strength index RSI is turning in the overbought zone. Stoch leave this area.
NZDUSD course online
Recommendations for trading NZDUSD trading plan:
The fall in the price of NZDUSD below 0.6720 opens the way for the pair to decline to 0.6685, which will be a 23% Fibonacci pullback.
Analytics Grand Capital
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