The NZD is not as weak as it was a week ago, but it's lacking strength, esp
. against the AUD, CAD and USD. It has been strengthing in the recent hours and may continue to do so for some time, but not for too long, because it's starting to get overbought. The pair NZDUSD
couldn't make it to new highs, stopped twice at the gey horizontal S/R level
of roughly 0.8525. So I expect at least another return to the median line
(or even lower).
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