Technical analytics



NZD/USD remained in a descending channel on Friday. Sellers regained the level 0.6500 and drove the market to the 0.6470 area. The selling pressure eased after that and buyers returned in the game. They pushed the exchange rate to 0.6520 where buyers lost strength. A bout of fresh buying interest emerged in the night. Market participants started to buy the NZD and the major jumped to 0.6550.The EMA200 is neutral while the EMA50 turned bearish. MACD grew in the negative area. RSI jumped to the overbought levels. The resistance stands at 0.6550, the support is at 0.6500.

Buyers have potential to extend recovery and reach the 0.6570 hurdle in the coming sessions.

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