NZD/USD: price to test Moving Averages

Information is not investment advice

All the Moving Averages have been broken because of the last 'Flag' pattern. It's likely to have a local downward correction towards the previously tested support at 0.6813 and the Moving Average lines. If a pullback from these levels happens little later on, there'll be a green light for another bullish rally, so we should watch an area at 0.6868 - 0.6886, which acted as resistance many times before.

Sergey Logachev

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