NZD/USD: Bounce to persist towards 0.6260 and the 200DMA at 0.6310/0.6340 – SocGen NZDUSD Banks
NZD/USD is climbing toward 0.6200. Economists at Société Générale expect the rebound to extend towards 0.6260 and the 200-day Simple Moving Average at 0.6310/0.6340.“Daily MACD is within positive territory which denotes upward momentum is regaining.”
“Defending the lower limit of recent consolidation at 0.6060/0.6040 is essential for averting a short-term pullback.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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