NZDUSD Will Go Up From Support! Long!

Please, check our technical outlook for NZDUSD.

Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is approaching a key horizontal level 0.559.

Considering the today's price action, probabilities will be high to see a movement to 0.566.

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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