Nzd/Usd is looking bearish at the moment, but strong support is holding it up
On the weekly chart we see a double bottom in place, this is a natural support for the pair
The weekly RSI-14 is low at the moment, which makes me believe this area may be retested,
or the price will at least move towards it again
Nzd/Usd weekly chart
To try and get a clearer picture of where the price action may bring us, I will use the daily chart
Here I have drawn the Fibonacci expansion level of the latest move,
an…
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