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NZD/USD is hitting a ceiling

Although the 50- and the 200-period SMAs are positively aligned, the upside in NZD/USD has stalled in recent trading.

A 4hr stochastic above its median line don’t necessarily favours a liquidation of long-term buy positions, but the 1-hour stochastic is increasingly pointing that it could be necessary soon.

The oscillator has been precariously perched above the 70% level for more than eight hours and has just abandoned overbought territory with the recent hourly close. We see bias for a roll back lower in the short-term.

AUD/USD breaks through 0.72 and beyond – fresh 3-week tops

The bid tone around the AUD/USD pair keeps growing bigger, with the Australian dollar on a roll higher for the third consecutive session versus the US dollar.
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GBPUSD trading tough, supported by the strong data – BBH

Research Team at BBH, suggest that the Sterling has gained 0.5% today to $1.5310 to test the 20-day (and 200-day) moving average supported by the strong data sets.
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