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NZD/USD PRICE ANALYSIS: USD HOLD SWAY, SHORT-TERM POSITIVE OSCILLATIONS SURFACE

hagijeee
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  • On the daily chart, sellers maintain control over as indicators near oversold conditions.
  • The hourly RSI recovered and moved deep in positive zone..
  • A bearish crossover completed at 0.6070 may have confirmed the bearish bias for the short term.

The NZD/USD pair is currently trading at 0.5965, with a marginal gain of 0.13%. Despite these slight gains, the pairing continues to illustrate an overall bearish sentiment, with the selling force maintaining dominance over the market trend. On the shorter timeframes, a light of hope emerged ahead of the Asian session.


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