EURNZD created a strong negative rally over the last two months, after the pullback on the three-year high of 1.7925. Looking at the very short-term, the price has been moving higher since yesterday finding support on the 14-month low of 1.6330. However, the technical indicators are hovering in the bearish zone. The RSI is sloping marginally up below the neutral threshold of 50, while the MACD is weakening its negative momentum above the trigger line. Further upside pressure may meet again the significant resistance of 1.6555, before [..]
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