
“The NZD/USD pair rose during the latest intraday session, attempting to recover some of its recent losses. However, persistent downward pressure remains, as the pair continues to trade below the 50-period EMA. This supports the prevailing short-term bearish trend, reinforced by its movement along the descending trendline. Additionally, relative strength indicators have reached extreme overbought levels compared to price action, indicating a potential bearish divergence.”
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