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09.01.2023 07:37 AM
Technical Analysis of Intraday Price Movements of NZD/USD Commodity Currency Pairs, Monday, January 09 2023.

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With the emergence of deviations between the price movements of the NZD/USD commodity currency pair and the CCI indicator, the Kiwi has the opportunity to appreciate upwards to test up to the 0.6439 level as its main target and the 0.6511 level as the next target to be achieved but if it is on its way to the targets If the Kiwi level suddenly reverses downwards until it passes the 0.6217 level, all scenarios for an upward movement described earlier will become invalid and cancel automatically.

(Disclaimer)

Arief Makmur,
Analytical expert of InstaForex
© 2007-2024
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