Since Jul 14 NZDUSD has been bullish, however price has reached to a strong resistance around 0.6445 where it may turn the recent sentiment into neutral bias. So, it is expected the rate trades within a range between 0.644 and 0.629. If rate approaches to 0.629, a bullish move is expected toward 0.64. As long as price trades above 0.629, price moves within a trading range.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.