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NZD/USD intraday: as long as 0.5896 is support look for 0.5947


0.5896 is our pivot point.

Our preference: as long as 0.5896 is support look for 0.5947.

Alternative scenario: below 0.5896, expect 0.5878 and 0.5867.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (0.5912) but above its 50 period moving average (0.5905).

Supports and resistances:

0.5969 **

0.5958 *

0.5947 **


0.5912 last


0.5896 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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