Chart Of The Day: NZD/USD

NZD/USD has been signalling a pullback for the last couple weeks as daily RSI has been pergent. It looks like time has finally come where we may see the .7000 level once again. And it may prove to be a level for longs to “reload” positions, similar to what happened in November and December. The 50-day moving average also comes in at this horizontal level, which could provide additional support.

ND/USD Daily Chart.

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