NZDUSD Pulls Below Trendline, Set Near-Term Bearish Target At 0.5960

<p>NZDUSD stopped last week’s rally as the descending trendline and the 50% Fibonacci retracement of the decline stretched from the 0.6754 top proved hard to break once again, with the pair drifting south on Wednesday. The falling RSI and the downside reversal in the Stochastics which have peaked in the overbought territory are discouraging signals […]</p>
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