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NZD/USD momentum switched to negative

Increased downward momentum in the NZD/USD has brought the 4hr MACD to step in the red zone.

This technical condition would certainly not be of much help if the MACD hasn't been under zero for at least one week of trading. This reinforces the argument that room for further NZD/USD depreciation is there.

The signal may be either taken by trend-following traders as a trigger to liquidate long positions as by potential sellers to prepare their short commitments.

USD/SEK MACD indicates downside pressure

USD/SEK MACD indicates downside pressure
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NZD/USD: watch commodities, China and US events

NZD/USD is currently trading at 0.6531 with a high of 0.6544 and a low of 0.6524.
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