NZD/USD Price Analysis: Pair traded neutral, but remains well below 20-day SMA
The NZD/USD pair traded neutrally on Monday, around 0.5960, and remains well below the 20-day Simple Moving Average (SMA). The pair’s technical outlook is mixed, as the Relative Strength Index (RSI) indicates rising selling pressure while the Moving Average Convergence Divergence (MACD) histogram shows declining buying pressure.
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