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NZD/USD Price Analysis: Bears seeking downside extension
As per the prior analysis, NZD/USD Price Analysis: Bears lurking at 21-day EMA, the bears are indeed in control from anticipated resistance and a downside daily extension could be on the cards. Prior analysis: ''NZD/USD is testing the bearish commitments from the prior support structure that would be expected to act as resistance. A 50% mean reversion is significant and failures at resistance could lead to a downside continuation below the current daily support structure.'' chart 'The 21-EMA and the confluence with the prior lows and the 50% mean reversion level offers a convincing case for the bears.'' chart ... (full story)