forexbillions
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ANALYSIS
NZDUSD has shifted to a neutral stance on the 4-hour chart. After a strong rally that took prices to a 5-month high of 0.7345 on June 30.
An uptrend took place when prices bounced from the May 11 low of 0.6816, but upside momentum stalled and RSI fell back below 50 into bearish territory. The oscillator stopped declining and is currently moving sideways, suggesting that NZDUSD is now in ...
read more:
http://www.forexbillions.com/2017/07/06/nzdusd-shifts-neutral-pausing-uptrend-5-month-high/NZDUSD shifts to neutral after pausing uptrend at 5-month high
NZDUSD has shifted to a neutral stance on the 4-hour chart. After a strong rally that took prices to a 5-month high of 0.7345 on June 30.
An uptrend took place when prices bounced from the May 11 low of 0.6816, but upside momentum stalled and RSI fell back below 50 into bearish territory. The oscillator stopped declining and is currently moving sideways, suggesting that NZDUSD is now in ...
read more:
http://www.forexbillions.com/2017/07/06/nzdusd-shifts-neutral-pausing-uptrend-5-month-high/NZDUSD shifts to neutral after pausing uptrend at 5-month high
