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NZD/USD PRICE ANALYSIS: BEARS HOLD SWAY, SUBTLE SIGNS OF POTENTIAL BULLISH REVERSAL EMERGING

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  • Diminishing red bars of the daily MACD imply a potential easing of bearish momentum, signaling an early indication of a bullish turnaround.
  • The hourly chart reveals an RSI oscillating in the positive zone, and MACD with green bars, signaling potential short-term positive momentum.

The NZD/USD pair advanced to 0.5920 on Monday, reflecting a gain of 0.47%. Overall, the bearish force remains strong, while the bulls begin to give signs of potential recovery, highlighting the start of a possible bullish reversal


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