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NZD/USD Price Analysis: 200-DMA/descending trend-line confluence capped NZ CPI-led gains

FXStreet.com
 2021-10-18

Cover picture for the articleNZD/USD struggled to capitalize on the post-NZ GDP gains to over one month tops. Overbought RSI on 4-hourly charts seemed to be the only factor that capped gains. A sustained strength beyond the 0.7100 mark is needed to confirm a bullish bias. The NZD/USD pair surrendered a major part...

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