NZDUSD bearish bias below 200 SMA (0.8471) at H1 chart
By
Felipe Erazo
PUBLISHED:
19 Aug 2014 @ 02:03
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More info about Felipe Erazo
The NZDUSD is trying to consolidate below the moving average of 200.
The Kiwi has made a breakout in the support level of 0.8463 and now, this pair is trying to drop down to the next level in 0.8430. It is likely that the NZDUSD start to perform corretive movements at that level, since this pair could make a rebound on the support level and again upload daily pivot point level of 0.8481.
The MACD indicator remains in negative territory.
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