NZDUSD Will Go Down! Sell!
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Here is our detailed technical review for NZDUSD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.606.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.600 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Nota
I am confident in this trade so I will keep it open!
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🌐WebSite: signalprovider.org/
🔝Best Broker: icmarkets.com/trading-markets/forex/?camp=51166
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