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For traders - trading plan for today pair NZDUSD forex forecast 08/31/2020

article37188.jpg

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

 

Analytical reviews and comments to them reflect the subjective opinion of the authors and are not a recommendation for trading. Forex Special is not responsible for possible losses in case of using the review materials.

 

 

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