With the new government in power in new zeland the nzd/usd pair has been selling off over the last 7 sessions . Analysis of the above chart shows that there is now a divergence in place between the price and stochastic where the price has made a lower low whereas the stochastic has made a higher low . This could result in a small pull back in the nzd/usd pair and we could see levels of 0.69500 in the coming days .
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