NZD/USD Technical Analysis
Therefore, the NZD/USD shifted downwards though it remained supported by the 20-day Exponential Moving Average (EMA) around0.6329. Nevertheless, failure at 0.6400 exposed the NZD/USD to further selling pressure, with bears eyeing a break below the 20-day EMA ahead of testing the 0.6300 mark.
On the flip side, if the NZD/USD reclaims 0.6400, that could set the pair poised to test December 2022 high at 0.6513.
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